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Geraldnovak's avatar

So, ETF or physical gold? Seems ETFs are easier….

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Matthew Carr's avatar

Hey Gerald, there's always the argument for both.

Personally, I prefer ETFs and miners for shorter term hold. They're easy to buy and sell quickly.

The GLD sells at a slight discount to gold at the moment. And miners really fly when gold is hitting new highs. South African miners posted record returns in March... and names like Harmony Gold (HMY) have been on fire. But when looking at individual miners, make sure their all in sustaining costs (AISC) are well below the current price per ounce.

The downside to miners is when gold dips, their drop in shares is larger. So, they are a lot more volatile. But a lot of fun to play in markets like these.

Physical gold (and silver) is good for a long-term hold. Put it in a safe deposit box, store it with a mint or secure storage facility, bury it in the yard, whatever... leave it alone. Let it appreciate. It's a little harder to liquidate.

Hope that helps!

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Geraldnovak's avatar

perfect - Thank you!

I appreciate the info on miners as well.

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Matthew Carr's avatar

Anytime!

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