Gold ETFs

[Harriet]

Does anyone here have any positions in them?

 

[fleur-de-lis]

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

 

[Dancing Fire]

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.

 

[fleur-de-lis]

Thanks, DF!

 

[Dancing Fire]

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

 

[tradergirl]

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

 

[Dancing Fire]

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]

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.

 

[Harriet]

I''d better read the fine print.