To: LegendHasIt
If I remember right the price is artificially low because the hedge funds are having to sell off so much gold to raise capital. I have also heard that you cannot purchase gold for the current market price, but a good bit higher.
8 posted on
11/18/2008 5:16:43 PM PST by
psalm126
To: psalm126
I have also heard that you cannot purchase gold for the current market price, but a good bit higher.
One way to invest in Gold is to buy the streetTRACKS Gold Shares (GLD) Exchange Trade Fund (ETF). It tracks the price of Gold and is backed by the actual metal.
To: psalm126
Yes, Thanks, that was also part of what I was looking for.
15 posted on
11/18/2008 5:31:36 PM PST by
LegendHasIt
(Bye Bye America. It was nice while it lasted.)
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