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Investment Fund Performs U-turn On Etfs

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Meanwhile, David Einhorn, who runs the $5 billion Greenlight Capital Inc hedge fund, revealed in an interview with Bloomberg that he switched all its SPDR Gold Trust holdings to Gold Bullion in the second quarter of 2009.

Mr. Einhorn, who bought the yellow metal for the first time in January, explained that the move was motivated by the fact that it is cheaper to store physical gold than pay the SPDR fees.


U-turn on ETF GOLD, straight into Real Physical Bullion.

Beware - cost of ETFs are high.

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