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what about now? -> AAAU world’s 1st government-backed gold ETF, majority gold vaulted @ Perth Mint

MsMorrisineMsMorrisine Posts: 33,077 ✭✭✭✭✭
edited July 22, 2019 10:51AM in Precious Metals

The coin’s unveiling at the NYSE marks the Perth Mint’s launching of its gold-backed ETF, the Perth Mint Physical Gold ETF (NYSEArca: AAAU).

AAAU is the world’s first government-backed gold ETF, with the majority of the fund’s gold vaulted at the Perth Mint.

https://www.kitco.com/news/2019-07-16/World-s-Biggest-Gold-Coin-Makes-History-In-New-York.html

anyone feeling safe here?

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Comments

  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    I was wondering who was paying for the 1 ton gold coin, they used to promote the fund... I hope not the holders of the ETF.

    Also can one just open an account at the perth mint? Skip the etf?

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I know there is profit to be gained in ETF's... but I like the hard gold...just getting to old to play the games....and too comfortable... ;) Cheers, RickO

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,291 ✭✭✭✭✭

    I prefer investing in my own business. If I fail, oh well. At least I can't blame the government for buying gold.

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    I'm sure that the Perth Mint people are very nice people, but I'm staying over here with my stuff.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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