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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (47780)	3/6/2006 1:12:43 PM
From: aknahow	Read Replies (1) \| Respond to of 116555

Actually it is a very poor article. The author does not understand what keeps the premium/discount close to the pog. Nor does he realize that holding gold or silver thru an ETF is more cost efficient than buying physical, paying a large commission, delivery, insurance and storage cost. Even the tax rate issue is distorted, since physical metal is also a collectable. The S.E.C. has already stated that it is not in the game of trying to determine what the price of silver should be. If the silver ETF is turned down, it won't be because of supply issues. We will soon see the launch of the silver ETF, regardless of Szabo's thoughts.