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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
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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.
10 posted on 11/18/2008 5:20:43 PM PST by SeekAndFind
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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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