CANOE Money: - Investing in gold bullion made easier with new gold ETF listed on the NYSE(Special) - With the recent listing of a new exchange traded fund (ETF) for gold on the New York Stock Exchange, Canadian investors now have an easy way to invest in gold bullion – inside or outside of their RRSPs.
RRSP rules prohibit the direct holding of gold bullion. But since the gold EFT is traded like a company stock on a recognized North American exchange, Canadian investors can tuck away as many of the gold ETF shares as they want in their self-directed RRSPs, subject to the 30-per-cent limit on foreign holdings.
All it takes to own gold bullion in this way is a call to your full-service or discount broker (or a click of a computer mouse if you are set up for Internet trading).
Each share of the new gold ETF (symbol GLD on the NYSE) represents one-tenth of an ounce of gold and the ETF is properly structured to ensure the price of the shares closely tracks the price of gold bullion with no significant discount or premium.
If the spot price of gold is US$450 per ounce, each GLD share will be US$45 (possibly give or take a few cents for a few minutes until the arbitragers narrow in the difference).
The gold ETF is formally known as Streettracks Gold Trust (details at www.streettracksgoldshares.com). The main custodian holding the gold is HSBC Bank, one of the world's largest banks.
The gold ETF is a great trading vehicle for those interested in speculating on short-term swings in the price of gold, or it can be used for long-term investing.
With the annual management fees for the ETF only around 0.4 per cent, investors would actually be saving on the insurance and storage costs of holding gold bullion directly.
24.12.04
NORML Home / News Archive / 2004 / Canada Set To Authorize Prescription Use Of First-Ever Medical Cannabis Spray
NORML Home / News Archive / 2004 / Canada Set To Authorize Prescription Use Of First-Ever Medical Cannabis Spray: "Ottawa, Ontario: Health Canada has issued a 'Qualifying Notice' for the approval of Sativex, an oral spray consisting of natural cannabis extracts, for the treatment of neuropathic pain associated with Multiple Sclerosis (MS). Health Canada is expected to finalize marketing authorization for Sativex by early 2005.
Produced by the British biotechnology firm GW Pharmaceuticals, Sativex is a whole plant medicinal cannabis extract containing precise doses of the cannabinoids THC and cannabidiol (CBD). In clinical trials, Sativex has been demonstrated to alleviate numerous MS-associated symptoms compared to placebo, including pain, muscle spasms, and bladder incontinence."
Produced by the British biotechnology firm GW Pharmaceuticals, Sativex is a whole plant medicinal cannabis extract containing precise doses of the cannabinoids THC and cannabidiol (CBD). In clinical trials, Sativex has been demonstrated to alleviate numerous MS-associated symptoms compared to placebo, including pain, muscle spasms, and bladder incontinence."
23.12.04
New Rules Issued for National Forests (washingtonpost.com)
New Rules Issued for National Forests (washingtonpost.com) The Bush administration issued comprehensive new rules yesterday for managing the national forests, jettisoning some environmental protections that date to Ronald Reagan's administration and putting in place the biggest change in forest-use policies in nearly three decades.
The regulations affect recreation, endangered-species protections and livestock grazing, among other things, on all 192 million acres of the country's 155 national forests. Sally Collins, associate chief of the U.S. Forest Service, said the changes will replace a bureaucratic planning process with a more corporate management approach that will allow officials to respond to changing ecological and social conditions.
The regulations affect recreation, endangered-species protections and livestock grazing, among other things, on all 192 million acres of the country's 155 national forests. Sally Collins, associate chief of the U.S. Forest Service, said the changes will replace a bureaucratic planning process with a more corporate management approach that will allow officials to respond to changing ecological and social conditions.
21.12.04
Reuters News Article
Reuters News Article: "Mobile Phone Radiation Harms DNA, New Study Finds
Mon Dec 20, 2004 04:38 PM ET
MUNICH/AMSTERDAM (Reuters) - Radio waves from mobile phones harm body cells and damage DNA in laboratory conditions, according to a new study majority-funded by the European Union, researchers said on Monday.
The so-called Reflex study, conducted by 12 research groups in seven European countries, did not prove that mobile phones are a risk to health but concluded that more research is needed to see if effects can also be found outside a lab.
The $100 billion a year mobile phone industry asserts that there is no conclusive evidence of harmful effects as a result of electromagnetic radiation.
About 650 million mobile phones are expected to be sold to consumers this year, and over 1.5 billion people around the world use one.
The research project, which took four years and which was coordinated by the German research group Verum, studied the effect of radiation on human and animal cells in a laboratory.
After being exposed to electromagnetic fields that are typical for mobile phones, the cells showed a significant increase in single and double-strand DNA breaks. The damage could not always be repaired by the cell. DNA carries the genetic material of an organism and its different cells."
Mon Dec 20, 2004 04:38 PM ET
MUNICH/AMSTERDAM (Reuters) - Radio waves from mobile phones harm body cells and damage DNA in laboratory conditions, according to a new study majority-funded by the European Union, researchers said on Monday.
The so-called Reflex study, conducted by 12 research groups in seven European countries, did not prove that mobile phones are a risk to health but concluded that more research is needed to see if effects can also be found outside a lab.
The $100 billion a year mobile phone industry asserts that there is no conclusive evidence of harmful effects as a result of electromagnetic radiation.
About 650 million mobile phones are expected to be sold to consumers this year, and over 1.5 billion people around the world use one.
The research project, which took four years and which was coordinated by the German research group Verum, studied the effect of radiation on human and animal cells in a laboratory.
After being exposed to electromagnetic fields that are typical for mobile phones, the cells showed a significant increase in single and double-strand DNA breaks. The damage could not always be repaired by the cell. DNA carries the genetic material of an organism and its different cells."
20.12.04
Wine and chocolate help you live longer and better
Wine and chocolate help you live longer and better: "A Dutch researchers has found that wine, fish, dark chocolate, fruit and vegetables, garlic and almonds eaten regularly can lower your chances of developing heart disease later in life by 76%.
Results of dining on the Polymeal were most dramatic for men, who were projected to live on average 6.6 years longer in total than those not eating the meal. Men will also live for nine years longer without succumbing to heart disease, and those that do will suffer it for less years of their lives. "
Results of dining on the Polymeal were most dramatic for men, who were projected to live on average 6.6 years longer in total than those not eating the meal. Men will also live for nine years longer without succumbing to heart disease, and those that do will suffer it for less years of their lives. "
19.12.04
ABC News: In U.S., 44 Percent Say Restrict Muslims
ABC News: In U.S., 44 Percent Say Restrict MuslimsITHACA, N.Y. Dec 17, 2004 — Nearly half of all Americans believe the U.S. government should restrict the civil liberties of Muslim Americans, according to a nationwide poll.
The survey conducted by Cornell University also found that Republicans and people who described themselves as highly religious were more apt to support curtailing Muslims' civil liberties than Democrats or people who are less religious.
Researchers also found that respondents who paid more attention to television news were more likely to fear terrorist attacks and support limiting the rights of Muslim Americans.
"It's sad news. It's disturbing news. But it's not unpredictable," said Mahdi Bray, executive director of the Muslim American Society. "The nation is at war, even if it's not a traditional war. We just have to remain vigilant and continue to interface."
The survey conducted by Cornell University also found that Republicans and people who described themselves as highly religious were more apt to support curtailing Muslims' civil liberties than Democrats or people who are less religious.
Researchers also found that respondents who paid more attention to television news were more likely to fear terrorist attacks and support limiting the rights of Muslim Americans.
"It's sad news. It's disturbing news. But it's not unpredictable," said Mahdi Bray, executive director of the Muslim American Society. "The nation is at war, even if it's not a traditional war. We just have to remain vigilant and continue to interface."
S'abonner à :
Messages (Atom)