Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (32298)	11/15/2004 1:31:11 AM
From: The Vet	Read Replies (2) \| Respond to of 39344

This because pension funds are not allowed to invest directly in commodities. Is it just me, or does everyone else see this oft quoted excuse, as nonsense? No investor including the pension funds are COMPELLED to buy anything, so, if they are not allowed to buy commodities then they just don't buy the gold ETF. There are lots of stocks they don't buy already depending on the rules that govern individual funds. Many don't buy stocks under $5 or stocks with MC less than $1 billion etc. So should the exchanges not be allowed to list a stock simply because the pension funds are not allowed to buy it? Just the usual humbug and spin to cover the real reason for the reticence of the SEC to get the ETF listed in its original form, which was because it didn't suit their masters, the big banks and brokerages. I am amazed that the more intelligent readers haven't jumped on this before...