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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (68867)11/30/2010 9:07:03 PM
From: Metacomet  Read Replies (1) | Respond to of 219166
 
This is from a Kitco column today:

"..the upcoming launch of a Chinese mutual fund which will be permitted to invest into foreign gold ETFs will go at least part of the way in mitigating the potential fall-off in Indian tonnage that high prices and higher tariffs imply. The Lion Fund Management Co. did not provide details as to which particular gold ETFs it plans to consider for the new fund’s allocation structure. The country is currently lacking a domestic gold-backed ETF and local investors buy either ‘paper gold’ offered via the SGE or the SFE as well as physical coins/bars via specialized outlets and/or local banks."

kitco.com

Just wondering if you had a somewhat more specific opinion about the nature of the ETF's that Lion Fund might select.