James Turk: Buying gold ETF isn't quite buying gold

5:30p ET Monday, March 5, 2007

Dear Friend of GATA and Gold:

Buying shares of the gold exchange-traded fund sponsored by the World Gold Council isn't quite buying gold itself, GoldMoney founder James Turk writes in an essay adapted from the latest issue of his Freemarket Gold & Money Report (www.fgmr.com). Turk's essay is titled "The Paper Game" and you can find it at Jim and Mary Puplava's Financial Sense site here:

http://www.financialsense.com/editorials/turk/2007/0305.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Help Keep GATA Going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at www.GATA.org. GATA is grateful for financial contributions, which are federally tax-deductible in the United States.