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Gold ETFs

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fleur-de-lis

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On a related note, can anyone explain why gold ETFs (like GLD) do not mimic/follow actual gold prices?
 

Dancing Fire

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Date: 3/4/2009 2:05:13 PM
Author: fleur-de-lis
On a related note, can anyone explain why gold ETFs (like GLD) do not mimic/follow actual gold prices?
GLD should mimic pretty close to 1/10 oz of gold minus trust expenses.
 

Dancing Fire

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IMO...silver (SLV) would be a better play in the metals market. if...you like to play the metals market.
 

tradergirl

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If investment is the objective, it''s better to just own the physical.
 

Dancing Fire

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the only ETF i''am holding now is USO.i feel so cheated cuz i bought the fund when oil was trading at $36 per barrel and now oil is trading at over $45 but i''m barely making any money on this ETF.
 

Beacon

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It can also trade above or below net asset value, which can cause a failure in tracking. These anomolies should not last long though.

I read GLDs disclosure; it makes you prefer to own the physical gold. Lots of odd things especially regarding insurance of the gold they hold and their limits of liability.
 
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