one reason gold can go higher soon (demand for physical over paper)

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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hondobud

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one reason gold can go higher soon (demand for physical over paper)

posted on Oct 28, 2010 03:20PM

For you Physical gold buffs:

The ETFS Physical Precious Metal Basket Shares (GLTR) will be the first U.S.-based, physically backed precious metal basket ETP. GLTR (pronounced “glitter”) will hold gold, silver, platinum and palladium in fixed weights: 0.03 ounces of gold, 1.1 ounces of silver, 0.004 ounces of platinum, and 0.006 ounces of palladium. At current market prices, that means that the exposure will be tilted most heavily towards gold and silver....................

http://seekingalpha.com/article/231767-etfs-rolls-out-physical-precious-metals-basket-etf

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