Wednesday, November 10, 2010
"I am a palladium bug, not a silver bug or gold bug. Although I do like silver and gold and I like all precious metal investments. My favorite remains palladium. But regardless what precious metal you like best, I urge all precious metal investors to own ONLY physical metals and stocks of their favorite precious metal mining companies.
I strongly discourage owning any Exchange Traded Funds, ETFs that invest only on future contracts or other paper instruments. I cited UNG and USO as perfect bad examples. ...I urge every investor to carefully read why paper based ETFs do not work."
Full article:
http://stockology.blogspot.com/2010/11/grave-warnings-to-precious-metal.html