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This is sure to drive up price of gold ETFs

derrybderryb Posts: 36,995 ✭✭✭✭✭
These people just can't seem to get enough gold. this will open the door to investing in American gold ETFs which in turn should drive up their prices. I look for silver to follow.

http://www.market watch.com/story/china-approves-gold-fund-of-funds-2010-11-30[/L]

Won't let me create a link because of the nasty word created by the last letter of "market" and the first three letters of "watch." Remove the space between the two words above and copy and paste for a good read on what could turn out to be a big factor in PM ETF price increases.

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • CaptHenwayCaptHenway Posts: 32,275 ✭✭✭✭✭
    "etwa"??????
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • derrybderryb Posts: 36,995 ✭✭✭✭✭
    no, you etwa. image

    OP corrected.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • ksammutksammut Posts: 1,076 ✭✭✭
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

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  • BaleyBaley Posts: 22,661 ✭✭✭✭✭
    "marketwatch" is quite nasty if one spends all day every day doing it, at the expense of personal hygiene. image

    Liberty: Parent of Science & Industry

  • Oh...Obama's nickname not allowed?image
    UCSB Electrical Engineering....... USCG and NASA
  • CaptHenwayCaptHenway Posts: 32,275 ✭✭✭✭✭
    So it is a fund that buys other funds.

    If the first funds are fund, er, found, to be bogus, who ends up holding the proverbial bag???????
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • WingsruleWingsrule Posts: 3,020 ✭✭✭✭
    Isn't this story four months old?
  • derrybderryb Posts: 36,995 ✭✭✭✭✭


    << <i>Isn't this story four months old? >>


    good news travels slow!

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

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