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<p>[QUOTE="GoldFinger1969, post: 3981006, member: 73489"]I had friends at KP and MLPF&S....they thought they would be able to charge fat management fees, regardless of what the coins did price-wise.</p><p><br /></p><p>Liquidity began to dry up in the Spring of 1989....in October 1989, the high-yield ("junk") market collapsed. With gold not doing much, the big brokerage firms couldn't convince people to put serious $$$ into the coin funds.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3981006, member: 73489"]I had friends at KP and MLPF&S....they thought they would be able to charge fat management fees, regardless of what the coins did price-wise. Liquidity began to dry up in the Spring of 1989....in October 1989, the high-yield ("junk") market collapsed. With gold not doing much, the big brokerage firms couldn't convince people to put serious $$$ into the coin funds.[/QUOTE]
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