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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (15076)	9/20/2008 9:22:19 PM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 29622

I think we're still many years away from confiscation, but not ruling it out. If/when the Dollar hits fresh lows and they are worried about capital flight then we'll probably have to be concerned. Right now other than ST manipulation I don't think one has to worry much. Even when they confiscated gold in the 30's the gold stocks still did well. Homestake mining was up 500% during that period - per memory (not that I was alive :)

To: SouthFloridaGuy who wrote (15076)	9/20/2008 9:40:59 PM
From: JimisJim	2 Recommendations Read Replies (1) \| Respond to of 29622

I would recommend CEF vs. GLD... in CEF, you have direct percentage ownership of actual metal (Gold and Silver) on deposit in an actually audited storage/vault... GLD is a trade on the price action of gold, has no ownership of actual metal at all for the ETF shareholders... a group of "participants" actually own the metal... of course this is an oversimplification of the issue, but it comes from lots of time spent smoking out the differences between the two and distilling it. But as usual, this is my opinion only and encourage people to verify it on their own. I only offer a short cut to a starting point for info discovery. Disclosure, I have an overweight position in CEF... but also once traded GLD until I decided not to. Jim