October 21, 2009
– Comments (7) |
RELATED TICKERS: GLD
MY COMMENT: Do not confuse Paper Gold for REAL gold.
Why did Einhorn take delivery of his gold? Read and Heed: HOW MUCH GOLD HAS BEEN SOLD THAT DOESN’T EXIST?
by Adrian Douglas
Aligned with Tice here:
Aligned here on Gold ETFs
If you want more on the subject refer to my post on 30 Nov 09:
November 30, 2008
Yep, aligned here as well. Good post!
"Einhorn is Finkel! Finkel is Einhorn!"
"I'm looking for Ray Finkel....And a clean pair of pants".
Sorry, could'nt resist.
Good point - it will come to a juncture where it will be all about new production so if one prefers to stay in paper the miners could become a good play except for the ones that hedged their future production out too low for too long - so homework is definitely in order.
FYI - Tice Part 3:
Totally agree ... I just wish your headline had been more specific. With all the confusion out there surrounding gold, the headline might better have specified: "Paper gold proxies are the next bubble".
Fool on! :)
Preaching to the choir!
I've been urging people to take delivery for a while.