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

To: dara who wrote (22660)	11/30/2004 3:41:36 PM
From: Wyätt Gwyön	Respond to of 110194

heinz wrote: the ETF is an ideal vehicle for that - much more suitable than pm stocks. they have a different audience with largely different goals. i think what he's missing is that UNTIL the ETF was available there was no "ideal vehicle" for this group of investors, so PMs were used as a hinayana, i.e., "lesser vehicle" -g-. but with the advent of the ETF, those with a preferred habitat more suited to the ETF could be expected to swap PMs for GLD. at least that's what i did. fwiw, i sold my GLD position today as well for a small profit.