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How big is the RETAIL PHYSICAL Gold mkt in the USA?
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<p>[QUOTE="Juan Blanco, post: 1577580, member: 41665"]I see PMs as 'money' (or what the World Bank President referred to as "an alternative monetary asset") and demand for that commodity has NEVER been small. Rather, it's 'this or that' - the Dollar or Gold - not really a new concept either. But no, the market was never "small" : you're betraying an Americanist illogic there. </p><p><br /></p><p><br /></p><p>I've worked in the biz more than 15 years, wearing all the hats: designing 401k Plans, consulting to 401k Plan, even creating product for fund companies. You're right too: plan participants have almost no other choice (but really: it only 'works' as a savings gimmick w/ company match.) That's too bad though, and more to my point: our 'wealth' has been enslaved to plan providers. </p><p><br /></p><p>What commodity fund did you add, btw? ING Direct ShareBuilder 401(k) is the only provider with ETFs (I thought) but that's slowly starting to change.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1577580, member: 41665"]I see PMs as 'money' (or what the World Bank President referred to as "an alternative monetary asset") and demand for that commodity has NEVER been small. Rather, it's 'this or that' - the Dollar or Gold - not really a new concept either. But no, the market was never "small" : you're betraying an Americanist illogic there. I've worked in the biz more than 15 years, wearing all the hats: designing 401k Plans, consulting to 401k Plan, even creating product for fund companies. You're right too: plan participants have almost no other choice (but really: it only 'works' as a savings gimmick w/ company match.) That's too bad though, and more to my point: our 'wealth' has been enslaved to plan providers. What commodity fund did you add, btw? ING Direct ShareBuilder 401(k) is the only provider with ETFs (I thought) but that's slowly starting to change.[/QUOTE]
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How big is the RETAIL PHYSICAL Gold mkt in the USA?
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