If you are interested in exposure to gold bullion. TBR/RND give the best of both worlds IMO as TBR holds about 67% as much gold as ETFS Metal Securities Australia Ltd's - ETFS Physical Gold (ASX:GOLD) but you also get exposure to ongoing very high margin gold production. You would need to check these figures for yourself and the companies results in detail and also the shares in these companies are very illiquid so really not recommended as a trading proposition IMO. At a very rough guess TBR's gold alone accounts for about 11% of all the gold the Perth Mint holds for its customers (based on information published by the Mint and the company's announcements.........again you would need to check all this for yourself and all other factors and risks associated with investing in these companies). Esh
