Gold Bullion Securities (GOLD.AX) listed on the Australia Stock Exchange in late March in a bid to offer folks a way to invest almost directly in the precious metal... each "redeemable preference share" is equivalent to one-tenth of one fine troy ounce of gold bullion.

It sounds pretty neat, but it also reminds me of all the securities I've seen issued to sate popular demand precisely at the end of large bull moves. (Perfect Timing) Maybe I just like bucking trends, but these days I'd be inclined to reduce rather than increase any holdings of gold... or bonds... or the euro.

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