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Gold ETFs

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Harriet

Super_Ideal_Rock
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Does anyone here have any positions in them?
 
On a related note, can anyone explain why gold ETFs (like GLD) do not mimic/follow actual gold prices?
 
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.
 
Thanks, DF!
 
IMO...silver (SLV) would be a better play in the metals market. if...you like to play the metals market.
 
If investment is the objective, it''s better to just own the physical.
 
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.
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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.
 
I''d better read the fine print.
 
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