Gold trading takes off on eBay

Article Excerpt

EBAY INC. $29 (Nasdaq symbol EBAY; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 1.3 billion; Market cap: $37.7 billion; Price-to-sales ratio: 3.7; No dividends paid; TSINetwork Rating: Above Average; www.ebay.com) has set up a new section of its online auction site for buying and selling gold and silver coins and bars. This new service has attracted many gold buyers, due to record gold and silver prices and eBay’s strong reputation. (Note that we still feel the best way to profit from rising gold is through well-established gold stocks like Newmont). As well, eBay should continue to profit as the sluggish economy prompts more people to sell goods online to supplement their incomes. eBay is a buy. buy…