woteva some of these juniors like SLR are alreaedy trading on a PE of close to 2 and it has a cap of 15 Million with around $6M of gold in circuit ie the ore has been blasted but not yet processed so to me thats as good as physical.
As for certs thats a fools game how many have certs to the same piece of Au no one knows in this market.
upcoming gold default .., page-5
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