You bring up a valid concern about using ETFs as a gateway to purchasing physical gold and silver. Some ETFs hold little or no physical gold or silver. UGL, for instance, only holds gold derivatives or leveraged paper gold.
And, of course, ETFs won't deliver real gold to shareholders.
Generally, the most straightforward way to own physical gold or silver is to purchase it in coins or bars. For that, we recommend the US Mint or long-standing brokers of high-quality gold, silver, and other precious metals, such as Asset Strategies International. This family-owned precious metal specialist offers Prinsights Premium subscribers benefits outlined in our September Prinsights Premium issue.
The other way to gain exposure to gold through the stock market is to invest in gold miners with proven sites or sites in the late stages of development, such as the ones we suggested in our September Prinsights Premium issue.
All that said, those seeking to invest in the upside of physical gold (and silver) without the logistics of physical purchases are best served by purchasing ETFs that do hold physical gold and silver, such as the one we suggested in this piece, iShares Gold Trust IAU, which stores its physical gold in secure vaults.
As Central Banks around the World take a risk off approach regarding US debt and continue to sell USD and buy Gold . I can only assume a great future for Gold.. the market fluctuations are a great opportunity to pick up ounces or kilos at discount rates
Tommy,
You bring up a valid concern about using ETFs as a gateway to purchasing physical gold and silver. Some ETFs hold little or no physical gold or silver. UGL, for instance, only holds gold derivatives or leveraged paper gold.
And, of course, ETFs won't deliver real gold to shareholders.
Generally, the most straightforward way to own physical gold or silver is to purchase it in coins or bars. For that, we recommend the US Mint or long-standing brokers of high-quality gold, silver, and other precious metals, such as Asset Strategies International. This family-owned precious metal specialist offers Prinsights Premium subscribers benefits outlined in our September Prinsights Premium issue.
The other way to gain exposure to gold through the stock market is to invest in gold miners with proven sites or sites in the late stages of development, such as the ones we suggested in our September Prinsights Premium issue.
All that said, those seeking to invest in the upside of physical gold (and silver) without the logistics of physical purchases are best served by purchasing ETFs that do hold physical gold and silver, such as the one we suggested in this piece, iShares Gold Trust IAU, which stores its physical gold in secure vaults.
As Central Banks around the World take a risk off approach regarding US debt and continue to sell USD and buy Gold . I can only assume a great future for Gold.. the market fluctuations are a great opportunity to pick up ounces or kilos at discount rates
Nomi, I believe that the gold ETFs are "paper gold" and they own little, or NO actual physical gold!
Tommy