Friday, December 30, 2011


The SEC sent out a letter official from the SEC about REITs. It points out that REITs have been a way for the common man to invest in real estate for 60 years. I think it indicates that the REIT structure will not under go any of the bad changes that were feared this fall. Here is a quote from the beginning of the document: 
"Real estate investment trusts ("REITs") have been around for more than fifty years. Congress established REITs in 1960 to allow individual investors to invest in large-scale, income-producing real estate. REITs provide a way for individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate. What is a REIT? ..."
Silver is rebounding from the drop a day ago. At 9:55 it is $28.15  Gold is $1571.80. Silver was down to around 26.20.  The silver bull is not over.

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