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

To: Claude Cormier who wrote (22253)	11/22/2004 10:01:47 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

OK, i understand that the point you are making is to get allocated gold. i would agree with you that there should be some premium for allocation. but still, if you pay 1.9% spread on a $1 million purchase, that is $19,000. that's a lot of money for the privilege of allocation in my book. OTOH, it sounds like the ongoing fees are quite low, so it could be a good vehicle for longer-term holding (more than 7 years or so). but i would doubt you could invest in GoldMoney through an IRA--that is a big advantage of GLD.