Sunday, January 25, 2009

Buyer Beware about buying paper Gold/Silver

Gold and silver "pool accounts" and "certificate programs" should really be called "IOU Gold and Silver Someday" accounts.

Theodore Butler of Butler Research warns:

"These are purely paper promises or bookkeeping-only entries."

When looking at these types of investment vehicles, it's important to examine the bid/ask spread.

To know more, read the following article:
Buyer Beware

http://news.silverseek.com/TedButler/1170190859.php

No comments: