Spoiler Alert - Proposed Rule Change To List and Trade Shares of the APMEX Physical-1 oz. Gold Redee

MsMorrisine

Sorry if this has or hasn't gotten out already.


I just stumbled across this


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To List and Trade Shares of the APMEX Physical-1 oz. Gold Redeemable Trust Pursuant to NYSE Arca Equities Rule 8.201
A Notice by the Securities and Exchange Commission on 03/26/2012



They are going to hold 1oz Eagles and 1oz Leafs

MsMorrisine

I'm surprised the PM forum is not buzzing about this one.


APMEX is trying to have their own Physical Gold ETF traded on NYSE



that seems like big news.... for them at least. perhaps that's why no one is interested?

Baley

It's yet another sign that the gold bull market is ending

DrBuster

Maybe they'll use the double sided profits on that to eat the crappy shipping and CC costs a bit.






riiiiiight

mariner67

<< <i>It's yet another sign that the gold bull market is ending >>



Agreed. That plus their history of their shafting people with the ATBs will keep me far far away from this.
Best.

MsMorrisine

on one hand, they aren't some big name money center everyone is familiar with

on the other hand, they aren't some big name money center everyone is familiar with (for the wrong reasons)


I wonder how they will be received.


It isn't a good sign that another small fish wants to jump in the pond, but on the other hand, knowing APMEX, it makes sense they'd want in looking by hindsight.