Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (6177)	6/5/1999 9:56:00 AM
From: long-gone	Read Replies (1) \| Respond to of 81023

Bill, A very big part of the problem of gold price may be as basic as allowing available flow of funds into gold. The "average American" today has a greater percentage of their net worth in the stock market today than ever before in history. Even if these "average americans" wanted to put this great wealth into gold, they could not do it. I believe we need to look into(or have the WGC look into) a better way to allow the masses of US workers a vehicle by which to invest retirement savings into bullion. Have you noted the near total lack of gold funds of any sort available to most in the US work force? If the W.G.C. would run a low cost bullion storage facility and market a fund which represented 50% invested in their member companies stock and 50% in bullion and it were simply offered in half the US work place, this thing could turn in a moment. An investment vehicle such as this needs to be avaible for any that so wish. Only the WGC could assure the bullion would never be loaned and again make the system corrupt. Only a very big operation would keep the expenses of a bullion storage facility and mutual fund operation low. richard