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OlderFart

05/31/11 1:11 AM

#84 RE: ChitForBrains #83

If your talking options, thanks, but no. I know nothing about them and only invest to hold long positions. I'm planning on getting into a long term holding in gold, and some silver, in the ETFS funds because of the dollar weakness. I want to protect our IRA holdings against possible debt limit defaults and I'm also very concerned about the QE business. The dollar is just not looking good at all.

Was in SGOL, SLV and GLD until the recent May 1st business. But the article I posted the other day really soured me on the latter two funds. Checked out several funds and it looks to me that these ETFS funds are the most likely to be on the up and up when it comes to holding physical metal, not paper.

Paper backing is just another house of cards waiting to fold.