Saturday, August 14, 2010

Ben Davies interviewed


Ben Davies is interviewed by Eric King and discusses precious metals Exchange Traded Funds (ETFs). Ben highlights the inherent 3rd party risks involved in owning an ETF as opposed to physical gold and the potential that not all ETFs are 100% backed by unencumbered metal.

Although I agree with Ben's risk assessment I wish to disagree about his statement that ETFs are ok for small retail investors because such investors cannot access or access cheaply allocated physical gold accounts. This is not correct, at ABC Bullion any investor who wishes to open an allocated physical bullion account can do so with as little as 1oz of gold, platinum or palladium, or 1kg of silver - that can be less than AUD$700, and better still this account is free of fees, yes the bullion is vaulted and insured for replacement value for free. For more information about allocated physical bullion accounts, regardless of where you are located, please visit our bullion page ---> here.

For the Ben Davies interview.....listen here

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