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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Silver Too Attractive To Ignore

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biggfredd
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 Posted 07/24/2011  04:33 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
IAU holds 3.21 million ounces of Gold and has 328 million shares outstanding. Hence, each share of IAU represents approximately 1/10'th ounce of physical gold bullion.

Not .1, but .01.
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GoThunder
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 Posted 07/24/2011  10:29 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
One oz of gold is about $1600, one share of IAU is about $16.00 so you wouldn't expect them to hold one oz of gold for each share.
Edited by GoThunder
07/24/2011 10:29 am
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biggfredd
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 Posted 07/24/2011  5:24 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Makes sense, but 0.1 didn't.
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GoThunder
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 Posted 07/24/2011  5:25 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Yep, good catch on the math error.
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vermontensium
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 Posted 07/24/2011  5:33 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I just bought 30 more ounces couple days ago.
swcoin.ecrater.com
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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