qantwar:

Thanks for your explanation.

By the way, a few weeks ago Jim Puplava mentioned on Financial Sense that he wanted to speak or actually spoke to a Canadian fund manager who was an equity fund manager who was heavily invested in physical precious metals. JP did not mention a specific name but I surmise it was Eric Sprott who manages Sprott's Canadian Equity Fund. Eric Sprott is even more heavily invested in physical gold and silver than John Embry who manages Sprott's Precious Metals Fund. Eric Sprott is literally "scared" and I am not paraphrasing here. That is the word he used in one of his recent audio conferences. At the end of 2007 Eric Sprott had 22% of all his fund assets invested in physical precious metals. I take my cues from him and James Sinclair!

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