Happy Friday or Saturday e-gold list A Fast FYI This Fine Friday In New York.
Gold Bullion Securities ASX:GOLD, which is set to list on the Australian Stock Exchange today-Friday, un-known outfit Gold Bullion Ltd, 6 months old is designed to provide investors with the opportunity to own a direct interest in bullion, which will be insured and held in bank vaults in London No Map provided to the location. on their behalf by custodian bank HSBC Bank USA. Do U trvst HSBC? Both retail and institutional investors can now elect to trade in gold bullion as if they were trading in equities by buying and selling GOLD shares on the ASX. Under the structure of the new product, a joint initiative of Melbourne based and Investor Resources, owned Gold Bullion Ltd and the WGC, a warning letter is provided from the World Gold Council, that it takes no responsibility for any of it. those shares will also enjoy the liquidity backing of the London bullion market, which boasts a reported A$9 billion in daily transactions. One GOLD share will be worth the equivalent of one tenth of an ounce of gold. Say the spot price was US$330 per ounce and the Aussie/US dollar exchange rate was A$1.00/US$0.60, which converted to A$550/oz and therefore the securities were expected to begin trading at around A$55 apiece. currency risk. There is no minimum trading volume requirement and, aside from brokerage fees, a management fee of 0.02 percent a month covers all corporate, storage and insurance charges associated with holding the gold bullion, which will be held in trust for each GOLD holder as identifiable bars segregated in the vaults. transparently monitored on an open Exchange for all to see and exploit. GOLD shareholders will actually own gold rather than just a right, subject to third party risk, to receive gold in the future. But before getting the urge to redeem your GBS securities by taking delivery of your allocated gold, only London bars weighing about 400oz, as prescribed by the London Bullion Market Association, will be issued. So an outlay of roughly A$220,000 or thereabouts should do the trick. Otherwise, keep the GOLD or settle for the cash. Rgds. Rare Gold Coin 24/7 --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
