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Re: Why mess with gold bullion if you can just buy GLD on paper?
Was your "investment vehicle" an ETF? There are plenty of investment vehicles convertible into physical gold that do charge other types of management fees. Exchange traded funds do not. (View Post)1 -
Re: Why mess with gold bullion if you can just buy GLD on paper?
“SGOL, which was launched on Sept. 9, 2009, has an expense ratio of 0.39% and total net assets of nearly $1.9 billion. Investors can trade SGOL with $0 online commissions at the Schwab ETF OneSource … (View Post)3 -
Re: Why mess with gold bullion if you can just buy GLD on paper?
There are a few rare and extreme scenarios, such as widespread social collapse, in which owning physical gold would be the superior option. A much more likely occurrence is a personal or family emerg… (View Post)3 -
Re: Why mess with gold bullion if you can just buy GLD on paper?
Offsetting advantages of a gold ETF are instant liquidity, dramatically narrower buy/sell spread, saving of storage and transportation costs (in time, resources and money), lower risk of robbery, low… (View Post)2 -
Re: Why mess with gold bullion if you can just buy GLD on paper?
Actually it’s not. ETFs are backed by real gold, and while substantial losses (which so far have not occurred) are certainly possible under extreme circumstances, they are neither counterfeit nor toi… (View Post)1
