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What you should know before buying ETF GLD

derrybderryb Posts: 36,795 ✭✭✭✭✭
in Precious Metals
For your reading pleasure:

Owning GLD Can Be Hazardous to Your Wealth

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I use GLD long or short to hedge trading positions quite often. I sometimes will go short GLD to hedge my physical position when I fell gold is toppy or the chart has turned to crap.

    I would never own or recommend GLD as a position of gold ownership as I happen to agree with the link.......MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • COINB0YCOINB0Y Posts: 4,505
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