Question

[LGrand85]

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[MediumTex]

It's funny how the Kitco crowd has been railing against the ETFs for years, and now this turns up.

[SmallPotatoes]

A bullion in the hand is worth ______ in the ETF.  Just goes to show you how important direct ownership can be.  I think this lesson should apply to all types of investments, though I think stock certificates are a bit outdated.

[AgAuMoney]

A bullion in the hand is worth ______ in the ETF.  Just goes to show you how important direct ownership can be.  I think this lesson should apply to all types of investments, though I think stock certificates are a bit outdated.

Yup.  (And unlike holding a gold coin, a stock cert really doesn't provide anything more than a backup to the computer system.  They can easily become worthless paper as so many have.)

[smurff]

It's funny how the Kitco crowd has been railing against the ETFs for years, and now this turns up.

They were at the Hard Assets conference last month here in NYC giving lectures and glad-handing. I received a couple of Kitco ballpoint pens as part of my swag collection. Their pens might be the only things that survive this scandal.

Last year when they came here I asked if they would bring bullion coins to sell to registrants. I was told NO in no uncertain terms. I figured it would be a nice convenience and since they have a New York operation (and hence presumably, New York licenses) to go with their Canadian business there would be no barrier to doing business here.  The reason given had to do with liability and security but this recent news makes me wonder. 

[smurff]

Kitco moves into creditor protection:

http://www.vancouversun.com/Kitco+moves ... story.html