What the... APMEX Physical–1 oz. Gold Redeemable Trust

tneig

Now, thats interesting....A PM dealer, opening such a thing... "Trust word again..."

APMEX Physical – 1 oz. Gold Redeemable Trust Files Registration Statement and Preliminary Prospectus:
OKLAHOMA CITY, OK. – May 22, 2012 – APMEX Precious Metals Management Services, Inc. today announced that APMEX Physical – 1 oz. Gold Redeemable Trust (the “Trust”) has filed a registration statement in the United States and a preliminary prospectus in Canada. The Trust will be managed by APMEX Precious Metals Management Services, Inc., a wholly owned subsidiary of APMEX, Inc. The Trust expects to invest in and hold substantially all of its assets in 1 oz. American Gold Eagle bullion coins and 1 oz. Canadian Gold Maple Leaf bullion coins.
The APMEX Physical – 1 oz. Gold Redeemable Trust intends to provide investors with access to the gold market while providing the liquidity of an exchange-traded security. A feature of the Trust is the option for the owner to redeem a minimum interest in the Trust of US$10,000 for a proportionate share of the gold coin assets of the Trust.

Spooly

(A feature of the Trust is the option for the owner to redeem a minimum interest in the Trust of US$10,000 for a proportionate share of the gold coin assets of the Trust.)


That is a good feature. More Gold ETF's the better. GLD is only good for quick trades.

mariner67

sign of bubble deflating

LochNESS

<< <i>sign of bubble deflating >>



Interesting. I hope you're right. It's been over 2 months, what do you think? Accurate prediction???

I sold most of my bars last year when things were climbing, so now I'm waiting for markets to drop so I can replenish my supply.

derryb

No bubble, just somebody else getting into the paper market. Demand creates supply.