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

To: Wyätt Gwyön who wrote (22259)	11/22/2004 10:47:26 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 110194

<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.> I would not do that. And few Goldmoney users would do that. I would buy 400 oz. LBMA bars from a bullion dealer and move them in the Goldmoney system at no cost. < 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).> Exact... and the news services coming up (full ETF with exceptional governance, debit card, silver holdings...etc) will make of Goldmoney a very strong competitor in the years ahead. <but i would doubt you could invest in GoldMoney through an IRA--that is a big advantage of GLD.> True for now. A big advantage for GLD. However the drawvbacks are the weak governance which is very significant and may represent a risk for long term investor. Since IRA are long term...I am not sure.