LogFAQs > #914906144

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Topic	Why buy physical Gold and Silver in America?
Slaya4 12/30/18 12:38:31 AM #30:	known2FAIL posted... Darkman124 posted... also more broadly, index ETFs exist that hold physical gold in vaults with minimal expense ratios, so if you really want precious metal exposure there's no reason to buy physical gold and try to deal with storing + exchanging it yourself (at great transactional cost each step) unless you are afraid of a total run on the bank. the ETFs have 2:1 leverage (assets outstanding:gold held in vaults to trade and cover sale costs) which is very reasonable. most banks have far higher leverage. This was the main thing I was thinking as well. Why not just invest into the ETF? Sounds simple to me. Some sources say that paper metals (ETFs) arent really backed by actual metals. Some sure, but not all. If I were to go that route, I would personally rather get physical gold/silver not an ETF. At least, I can look at it sparkling. --- Am I going too hard? <cite>Slaya4 posted [p:914906144] in Why buy ph... [t:77343876]...</cite> <quote><cite>known2FAIL posted...</cite> <quote><cite>Darkman124 posted...</cite> <quote>also more broadly, index ETFs exist that hold physical gold in vaults with minimal expense ratios, so if you really want precious metal exposure there's no reason to buy physical gold and try to deal with storing + exchanging it yourself (at great transactional cost each step) unless you are afraid of a total run on the bank. the ETFs have 2:1 leverage (assets outstanding:gold held in vaults to trade and cover sale costs) which is very reasonable. most banks have far higher leverage.</quote> This was the main thing I was thinking as well. Why not just invest into the ETF? Sounds simple to me.</quote> Some sources say that paper metals (ETFs) arent really backed by actual metals. Some sure, but not all. If I were to go that route, I would personally rather get physical gold/silver not an ETF. At least, I can look at it sparkling. --- Am I going too hard?</quote> ... Copied to Clipboard!
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