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NEW ETF

goingbrokegoingbroke Posts: 1,410
in Precious Metals
Swiss Gold Shares (NYSEArca: SGOL - News), which currently has over $600 million in assets and daily volume well over 100,000 shares. Unlike other physically-backed gold funds, SGOL holds all of its gold in a secure vault in Switzerland; holdings are audited twice a year and the company also publishes the gold bar numbers on its web site, giving investors further peace of mind with regards to the safety of their investments. new ETF
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Comments

  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    SGOL is still paper, but sure feels better than GLD... moved what little remaining into it 3 months ago
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • TWQGTWQG Posts: 3,145 ✭✭
    GLD is audited by a third party annually for a complete physical count. The serial numbers of its bars are published weekly.
    These two ETFs are virtually identical.
    Yes, they're both just paper ownership but that's all they purport to be, no different than stock.
    My eBay store
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