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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (42353)4/21/2011 10:09:31 AM
From: E_K_S  Read Replies (1) | Respond to of 78507
 
Hi Madharry -

First time I ever heard of somebody taking delivery for so much gold ($1B). I wonder if they will hold it w/i the State of Texas? That works out to be around 22.85 tons of gold!

I have been watching my Gold ETF's vs selective special situation miner stocks. GDXJ is up 7% while RIC is up over 40% from my first buys 3/25/11. I have added SLW to my watch list but I really do not see the value in many of these companies unless the commodity prices stay at these levels for some sustained time.

My strategy is to continue to focus on hard asset value opportunities; Oil & NG, trees (paper pulp), minerals, food products (soybeans, farmed fish) and other companies that support the production, processing & distribution of these commodities.

Too bad I sold the bulk of my silver coins a few years ago but I do own both platinum & gold coins but they are not as liquid to sell as are the stocks. In the past, I have used EBay to sell some coins but I am concerned about the safety especially w/ personal information.

I thought I might use a larger Coin broker to help me w/ transactions. Do you use one that is fair and keeps information private. Here is one I have been considering.

bullion.nwtmint.com

Like my other broker accounts, it seems that it might be good to have a legitimate coin broker account set up (w/ all wire transfer acct info) so transactions can be made seamless. Is there an advantage to setting up something in Canada rather than in the US?

EKS



To: Madharry who wrote (42353)4/21/2011 10:31:11 AM
From: MCsweet  Respond to of 78507
 
AAB.TO down 5% in CAD today. I don't understand why. I bought some more.

I forecast NAV to be down from Jan 31st, but the discount is so large, it seems worth increasing my position.

MC