Opinion

Felix Salmon

Counterparties

By Felix Salmon
May 21, 2010

Long PHYS short GLD is earning >25% annualized — Yahoo

Are you human? Try deciphering CAPTCHA graffiti — Vimeo

When RSS feeds commit libel — VF

A Smoking Gun in BP’s Deep Horizon Mess — Thom Hartmann; See also

Sen. Ben Nelson: ‘I’ve never used an ATM, so I don’t know what the fees are’ — World-Herald

This interview with Johannesburg’s mayor just gets better as it goes on. “Every October or so, we use public transport” — Imgur

“We are DONE FOR THE FORESEEABLE FUTURE INVESTING IN LARGE, COMPLICATED FINANCIAL INSTITUTIONS” — FT

Comments
One comment so far | RSS Comments RSS

PHYS vs GLD is apples and pears: PHYS is a closed-end fund and 100x smaller than GLD. So it looks as if all the paranoiacs about GLD are piling into PHYS instead – and overpaying for their gold via the huge premium to NAV.

Compare COMEX ETF and GLD ETF instead: http://tinyurl.com/32yjafm. Hard to tell them apart.

Oops, I have a feeling that was your point.

Posted by RichardSmith | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •