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Philip Morris International, Inc. Message Board

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  • axpkocop axpkocop Mar 19, 2009 3:24 PM Flag

    Spectacular Close for PM - GOLD

    No, I don't own the GLD ETF. I own the raw metal-gold and silver. Why pay management fees to have someone buy and hold gold for me?

    My ETF naked call options sold are indirectly covered by the gold I own but I use stock like Berkshire, PM and COP to cover the margin requirements.

    I still haven't sold any call options against a silver ETF but I may if the price goes a little higher.

 
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82.09Apr 27 4:00 PMEDT