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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Square_Dealings who wrote (22203)11/21/2004 5:14:32 PM
From: Claude Cormier  Read Replies (1) | Respond to of 110194
 
I agree with what you say. As long as those buying GLD understand the loose custodials Turk is talking about. These appears as worrisome.



To: Square_Dealings who wrote (22203)11/21/2004 9:32:21 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
As people become more knowledgeable in the area they can move to GoldMoney for the benefits it has, or they will start buying mining shares after they study things more.

why would they move to GoldMoney? with spot gold listed at $445.9 oz on its site, they list the price for an ounce at prices ranging from $459.21 ("Standard Rate") to $450.25 ("GoldMoney Member" purchasing $1 million or more).
goldmoney.com

what exactly is the benefit of paying anywhere from $4.35 to $13.31 over spot? i don't see why this product would be preferable to GLD, but maybe i am missing something...