Basserdan,
Sorry to put you to so much work. <g>
As a gold bull, I realize that many investors can find no reason to own gold since it doesn't do anything, i.e., it doesn't produce earnings, and there is no income. That means gold can only be looked at as a reserve of last choice--something to have in the backyard to guard against the collapse of the dollar.
However, if a gold ETF does come into existence, and is backed by a reputable outfit, and does allow for actual gold withdrawals, then I feel that the gold ETF will present a valid, compelling alternative to physical possession. At that time, I would expect physical uptake to increase due to the ETF. We shall see. The devil is in the details. We only see glimmerings at this point.
oeo2oo
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