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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (11138)5/12/2006 1:10:33 AM
From: aknahow  Read Replies (1) | Respond to of 78421
 
The real thing? The real thing is that dealers of bullion and coins take too big a cut to really make physical a good investment. small guys get suckered in at 11% to buy and 11% to sell bullion and coins have a 30% spread. Sure a bull market will make buyers feel smart but that does not make it a good way to go.

The ETFs do result in physical being taken off the market entirely, one day I hope the average person will realize that the actual gold and silver aren't as good as paper if the guys selling it to you are scaming you. <g>

BTW

Profile as of 05/11/2006

Total Net Assets $894,489,787

Ounces of Silver in Trust 61,994,778

Shares Outstanding 6,200,000

Tonnes of Silver in Trust 1,928.2