This deserves a thread as it revolutionises the way Gold can be traded.
Starts trading on L.S.E.on Dec 9.rgds aj

What does it mean ?
Very simply :- Gold can now be bought and sold as paper i.e.not physically
holding the Gold.
Anyone any questions?
rgds aj

Today is the first day of trading on L.S.E.rgds aj

Gold Backed Securities are gold - backed securities that enable investors to
trade an interest on the L.S.E.Each gold bullion security represents a
beneficial interest in 1/10 th of a fine troy ounce of gold bullion ref aj

I don't know if you could explain the attraction of buying into something like this as against buying into a gold share like OXS, AVM, BEMA etc.? I can't quite see it, but I might be missing something.

Hi Scottie,
I think it is Much better and safer.There are an ever increasing number of
companies often located in politically unstable states e.g.Russia,China,Africa,
South America.As I mentioned on another site : why invest in Russia which is
a Mafia run dictatorship e.g.Putin rigged the elections ref international
observers rgds aj

I don't think your argument about not investing in any companies located in Russia holds any substance. It's like someone who likes watching football saying, I won't buy a satellite dish and subscribe to Sky Television because I don't like Rupert Murdoch. Safer? Like putting your money into a pension plan that an Independent Financial Adviser has recommended - I don't think so.

Hi Scottie,
I suggest you read gfs post on my GOLD thread -- mining stocks down and gold
bullion dealing up.rgds aj

Have read that post ajren and think it was predictable that gold bullion was always going to have some initial success - there has been quite a lot of publicity about it. I think mining stocks generally are having a retracement because the price of gold has pulled back. Personally I think the dollar is having only a brief revival, and when it goes down again then the price of gold will climb.

Hi Scottie.Why invest in mining instead of gold bullion ? rgds aj

Well if I take Oxus as an example, you could have bought the shares at 10.25p on 19th March this year - and they closed last night at 91p to sell. I think by any standards that's quite a return for an investment. There was a very interesting article about gold bullion in a weekend newspaper which said it all far more eloquently than I could. I will see if I can find it - it was either in The Daily Telegraph on Saturday - or The Sunday Times.

Scottie,

Well said, and please post the article here if you can find it, or even just the link to it.

Hi Scottie.
I hope you can find it as would be delighted to read it.
I agree about Oxus.How many oxus ??? The article - not me - said
mining was down and interest in gold bullion.rgds aj

Gold Bullion dealing - no worry about a particular mine.

Mine dealing.Worry about the world view in relation to Gold AND the mine ..etc
rgds aj

ajren,

Your deramp of Oxus is not so subtle, it's blatantly obvious!

As has been demonstrated by Scottie's post, you stand to gain far more in a miner than just in bullion, and good examples of this are the percentage increase in the price of bullion over say the last year, and the percentage increase in price of, say, Avocet, Peter Hambro, and of course, not forgetting Oxus itself, over the same period.

Oxus has minerals in abundance, and their value on the world market is increasing, so short away, I'm holding firm.

I suggest you check out the Oxus website for yourself, you may be surprised what you find!

Hi Andy,

I am not trying to deramp anything.I wish everybody the best of luck with all
Gold companies.Please note I started the bullion thread because it is new
and as an alternative investment to mining.I,personally,prefer direct trading
but that is a separate issue.rgds aj

aj,

Ok, apolgies if that's the case, it just seemed as if you were looking to knock Oxus.

I would be very surprised if anyone would short Oxus with the gold pour just around the corner (we hope!)

I do feel demand will be there, at least until the dsitribution of the free Marakand shares, then obviously the price may dip a bit, unless they can accompany it with some good news.

Hi Andy,
Thank you for your apology.I am an honest person e.g.please see Wiggins thread
where I declared my interest.rgds aj

aj,

ok seen it, and fair comment.

Cheers.

Ref 1st day trading i.e.yesterday.
........................
Simon Village,joint Managing Director of Gold Bullion Securities :-Quote :-

This has been a phenomenal success.The interest from private and institutional
investors has greatly exceeded our expectations.It is indicative of a
STRONG INTEREST IN GOLD IN THE MARKET GENERALLY - my Capitals .
rgds aj