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

To: Claude Cormier who wrote (32504)	11/19/2004 12:17:05 PM
From: dalroi	Respond to of 39344

streettracksgoldshares.com

To: Claude Cormier who wrote (32504)	11/19/2004 12:17:30 PM
From: russwinter	Read Replies (3) \| Respond to of 39344

The ETF response has been stunning with another $488 m added just so far. That's 610,000 more oz above the initial offering, a whopping 19 tonnes of gold. I think even the optimists thought it would take several months for this to transpire. As most of you know, mine supply is under 2600 tonnes a year, and then you have 400 more from foolish CBs who would rather hold treasury notes. This could be a real wake up call to the money printers and sycophants like Alan Greenspan. streettracksgoldshares.com

To: Claude Cormier who wrote (32504)	11/19/2004 8:18:24 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 39344

You were right. CEF premium evaporating. Silver isn't showing it's hand yet though and no big loss for CEF. Still safer than a Fannie Mae backed money market. <ng M

To: Claude Cormier who wrote (32504)	11/19/2004 10:47:12 PM
From: Bruce Robbins	Read Replies (4) \| Respond to of 39344

They are buying gold in an allocated account, but is the trust using a "fractional reserve" system? streettracksgoldshares.com Shares cannot be created without the appropriate amount of gold first being delivered to the trustee to effect the “creation”. The initial amount of gold required by the Trust to create a basket of 100,000 shares is 10,000 ounces (1/10 of an ounce of gold per Gold Share). The gold that underlies Gold Shares is held in the form of allocated 400 oz. London Good Delivery bars in the London vault of HSBC Bank USA, or in the vaults of sub-custodians.2 HSBC Holdings plc, the global parent of HSBC Bank USA, is one of the largest banking and financial service organizations in the world. B