Jon Nadler
Senior Analyst
Kitco Bullion Dealers Montreal

This guy, who works for Kitco, has been negative on gold since I can remember.... Why is that so?

Seams to me if an employee, managment or director to be negative on the upside potential of the primary commodity they sell is unusual to say the least.

This is a huge red flag for me.... I would have punted Nadler years ago as his opinion is in direct contradition to the focus of the company... Kitco

The fact that his opinion and comentary are predominently posted on the kitco site also a red flag.

How do they manage control of a constantly in flux inventory of bullion?

Could it be that Kitco does not actually hold all the gold they have on deposit for their clients.... Could it be they hold mostly gold certificates and not physical gold. This has troubled me for some time, and is the main reason I never opened a Kitco account.

I have posted before that GTU.UN could be a much better way of holding physical gold with the ability to trade it like a stock.

I can understand the dynamics of controlling this inventory in the trust unit.... with the small gold certificate component as a way of trading in and out a portion of the inventory if required.

Check out the " Net asset Value" drop down

http://www.gold-trust.com/

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