On Jan 7, 2008, at 4:41 PM, John S Costello wrote:
> This sounds like a scam to me. Why would you want untraceable gold?
> If you want physical gold you can just buy Krugerrands (or your local
> mint's version of the same -- Canada will sell you a 100kg gold coin
> if you like --http://www.cbc.ca/money/story/2007/05/03/goldcoin.html
> ).
>
> I don't understand why gold should be valuable, but I do understand
> that other people think it is, and who am I to argue with them? So I
> put my (small) IRA into a Precious Metals & Minerals fund (USAGX --
> http://finance.google.com/finance?client=ob&q=USAGX ), just for kicks.
> It doesn't buy gold, but it buys mining and mineral companies in the
> precious metals segment. It did pretty well last year, but I wouldn't
> put a ton of money into it; it's really, really volatile, and like I
> said, I don't understand the underlying value proposition, which seems
> like pure superstitious psychology to me.
>
>