Hi, Jay.
Don't fully understand your antipathy, or perhaps it is wariness, with respect to paper gold.
Assuming all is per Hoyle, owning paper gold is the equivalent of owning bullion. I studied things and I am pretty much convinced that owning gold in ETFs, closed end funds, mining stocks, GDX, etc., is fine. In fact, the liquidity is a plus.
I got into fine print of the ETF's prospectuses [prospecti?? Mq the Grammarian will correct me if I am wrong], didn't find any obvious problems. In fact, concluded that the one good closed end fund, CEF, which supposedly provides bullet-proof protection for the paranoically fearful, commands an unwarranted premium over NAV which I would never pay.
Anyway, your reasoning appreciated. |
