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<p>[QUOTE=&quot;satootoko, post: 122683, member: 669&quot;]longnine, have you really thought this thing through?</p><p><br /></p><p>An ETF trading in silver just buys and sells ounces of silver in accordance with the total investments in it.&nbsp; That&#039;s a commodity with a substantial following and pricing mechanism.</p><p><br /></p><p>An ETF trading in stocks comprising a specific market index (probably the most common type actually in existence) buys and sells stocks making up that index, which again have a pricing mechanism outside the control of the fund manager.</p><p><br /></p><p>To create an ETF in Texas quarters, or any other specific coin, would be a logistic nightmare.&nbsp; Where would the fund manager find &quot;millions of slabs&quot;, or even &quot;hundreds of slabs&quot; of individual coins, and what&#039;s the pricing basis for buying and selling fund shares?&nbsp; </p><p><br /></p><p>If someone comes along with a fund that simply invests in &quot;rare coins&quot;, think about what happened to the State of Ohio when it invested in such a fund. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>I didn&#039;t recognize the acronym when you first used it because I keep my stock market <u>investments</u> and my coin <u>collection</u> separate, and wasn&#039;t thinking about market terms in a coins thread.&nbsp; Unlike individual stocks, which are originally issued to create capital for operation of a business, ETFs are created solely for the purpose of gambling on economic trends.[/QUOTE]</p><p><br /></p>

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