Zeev's Turnips Patch-No Politics (ZEEV)

[oeo2oo]

Dan,

While your looking up those ounces in storage, perhaps you could do a little digging about the mechanics of the proposed Gold Council's ETF for gold. As I understand it, this would be a paper certificate that will trade freely, and thus available to any institution, including those not normally allowed to own physical gold. I am presuming that this set-up would be similar to QQQs where an institution can create QQQs by depositing the underlying securities and then selling the QQQs.

If these come to pass, it would seem to me that demand for physical would skyrocket, and thus the price of gold. Your thoughts?


oeo2oo