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

To: The Vet who wrote (32303)	11/15/2004 9:45:00 AM
From: LLCF	Read Replies (1) \| Respond to of 39344

<So then, it wasn't a rule, in the normal sense of the word, that prevented the NYSE listing of a gold ETF, but some unwritten convention applied by some "most prudent men" to prevent other "most prudent men" from making an "imprudent" purchase. > No, sorry if I mislead... the point is funds can't invest in commodities, futures, etc. They CAN buy stocks. Now there is [will be] a stock they can presumably [some, anyway] buy. As to why it hasn't been done before... lot's of discussion on that in the WSJ and elsewhere. IMO the real reason is simply a 20 year bear market. Fagetabout the black helicopters flying around, it has been economics. DAK