Good job listing the pluses of buying gold ETFs but I notice you don't list any minuses. For example when you buy a ETF you are not buying gold, just a piece of paper, you know the saying about things written on paper and what they are worth. There is not even any assurance that the ETF will actually track the price of gold. When things go wrong your ETF shares could be worth just the paper they are written on. Unless you deal in the millions there is no way you are going to get physical gold out of an ETF like GLD. ETFs have extreme counter party risk, you need a lawyer to truly understand what is written in a gold ETF prospectus and most of it does not have your interests in mind. Finally I don't think you understand why buying physical gold is important. Gold is not an asset intended to generate wealth, it is a asset meant to provide an insurance policy for when/if the shit hits the fan in this crazy world and to shield you from the ravages of inflation. For short/intermediate term trading ETFs are fine but to obtain a hedge against the worst that could happen you need physical gold. Regards
Joseph: 1) Counter-party risk is a legitimate concern and if you're that worried about it, you can split your gold holdings via both ETFs and physical or go all physical. Whatever makes you sleep better. 2) As mentioned in this video, newer breed ETFs allow you to convert your shares to physical gold. So the argument that gold ETFs are just "paper" isn't true or credible. It's a very Peter Schiff type of faulty argument. 3) There are plenty of long-term investors who buy and hold gold via ETFs. And just because ETFs trade daily, doesn't necessarily mean ETF investors are short-term traders. Remember: The difference with the ETF approach is shareholders get inexpensive and daily liquidity whereas physical holders don't. 4) Thanks for dropping by!
People who buy Physical Gold think there are NO counterparty risks....THERE ARE. When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all. so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
In a doomsday scenario where the entire economy collapses, we are all screwed anyway. You would be better off with firearms and a 3-6 month supply of food. Gold will save your portfolio but it won't save your life.
People who buy Physical Gold think there are NO counterparty risks....THERE ARE. When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all. so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
Hey Ron, great biased review on Gold. But I think I’m the Old stubborn guy that’s buy gold for no.02 “Margin Of safety”. Without physical gold you can’t have an ETF. So your superior method ETF has HUGE risks too it. So if I’m going to take risks, i would play in the Nasdaq 😊
Trong: Thank you for weighing in and differing views are what makes a market. No gold trade - whether physical or in an ETF like structure is without risk. And it seems like you've carefully calculated the level of risks you're willing to absorb, so kudos to you for being so thoughtful and proactive. Thank you for watching ETFguide TV, don't be a stranger and do check out the Portfolio Report Card...another original weekly series we just launched. Best, Ron
People who buy Physical Gold think there are NO counterparty risks....THERE ARE. When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all. so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
Coinbase is a cryptocurrency platform. Why would it trade a gold ETF? You're mixed up. For precious metals ETFs see tickers GLTR and GLDM solid starting points. Also, check out ticker GLDX if you want an income stream on your gold. Thanks for watching.
You trust someone else with your gold? Insanity! In 1980 I remember people who were letting someone store their gold. They were excited to see their investment rise 500% in a few years. Tried to cash in and they had nothing! It will happen again.
if gold ever gets to $10,000/oz you can simply sell your gold etf whatever it is, and go and buy gold with that cash, my plan is to eventually sell my gold etf when stocks crash, and buy divvy stocks with it, i save my wages in gold etfs rather than cash, sure i get stung with the etf management fee but at least i dont have to wait 30 min at a PM dealer to buy some and pay 3% over spot when buying
@@petejames1326 So you are saying you trust someone else with your gold? There are two things on this planet that you can NEVER trust other men with. Your woman and your gold! Look at 1980. Some people trying to cash in on their fortune found out they had NO GOLD!
@@tmo4330 read what i wrote, i DIDNT buy gold etfs to one day get the physical metal, i just want the NUMBERS that it will be worth one day. so for eg. its 2030 and gold is $10,000/oz, i can sell my gold ETF and get digits on a computer screen in return wired to me, NOT REAL GOLD because i dont want real gold, and with those $10,000 in digits that i will get when i sell the gold etf, i HOPE to buy cheap dividend stocks with, because my aim is to live off dividends one day
That is a very foolish advice. Why are you playing for the central and bullion banks instead of real people? You should have said: everyone needs to hold 1.22oz of physical gold first and then let the games begin.
BTW, this was not an anti-gold investing video. The argument made is for the most efficient, low cost, and liquid manner for investing in and holding gold. And after watching this video, you're still 100% convinced that keeping physical bullion stacked in your closet is the best approach, bless your heart. Ron
People who buy Physical Gold think there are NO counterparty risks....THERE ARE. When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all. so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
I really like your analysis but i wish you had a guest on like Mike Maloney to explain his thoughts of physical over ETF’s.
You don't own it till you actually hold it. Anything can happen or collapse but you are safe when it is in your hands
Good job listing the pluses of buying gold ETFs but I notice you don't list any minuses.
For example when you buy a ETF you are not buying gold, just a piece of paper, you know the saying about things written on paper and what they are worth. There is not even any assurance that the ETF will actually track the price of gold. When things go wrong your ETF shares could be worth just the paper they are written on.
Unless you deal in the millions there is no way you are going to get physical gold out of an ETF like GLD.
ETFs have extreme counter party risk, you need a lawyer to truly understand what is written in a gold ETF prospectus and most of it does not have your interests in mind.
Finally I don't think you understand why buying physical gold is important. Gold is not an asset intended to generate wealth, it is a asset meant to provide an insurance policy for when/if the shit hits the fan in this crazy world and to shield you from the ravages of inflation.
For short/intermediate term trading ETFs are fine but to obtain a hedge against the worst that could happen you need physical gold.
Regards
Joseph:
1) Counter-party risk is a legitimate concern and if you're that worried about it, you can split your gold holdings via both ETFs and physical or go all physical. Whatever makes you sleep better.
2) As mentioned in this video, newer breed ETFs allow you to convert your shares to physical gold. So the argument that gold ETFs are just "paper" isn't true or credible. It's a very Peter Schiff type of faulty argument.
3) There are plenty of long-term investors who buy and hold gold via ETFs. And just because ETFs trade daily, doesn't necessarily mean ETF investors are short-term traders. Remember: The difference with the ETF approach is shareholders get inexpensive and daily liquidity whereas physical holders don't.
4) Thanks for dropping by!
This a great debate topic , I see both sides
People who buy Physical Gold think there are NO counterparty risks....THERE ARE.
When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks
Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all.
so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
In a doomsday scenario where the entire economy collapses, we are all screwed anyway. You would be better off with firearms and a 3-6 month supply of food. Gold will save your portfolio but it won't save your life.
Jesus that is a bit dark. But true.
Uh oh!!, he's on!!, automatically thumbs up!!!👍👍😬😬🍕🍕🍔🍟🍞🍵🍵
People who buy Physical Gold think there are NO counterparty risks....THERE ARE.
When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks
Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all.
so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
You have no imagination and you are selling to the wrong people.
@@tmo4330 you are not a realist
If you can't hold your gold, you don't own any gold.
@@tmo4330 I think yours will get stolen eventually. cos you dont think of other risks.
Hey Ron, great biased review on Gold. But I think I’m the Old stubborn guy that’s buy gold for no.02 “Margin Of safety”. Without physical gold you can’t have an ETF. So your superior method ETF has HUGE risks too it. So if I’m going to take risks, i would play in the Nasdaq 😊
Trong: Thank you for weighing in and differing views are what makes a market. No gold trade - whether physical or in an ETF like structure is without risk. And it seems like you've carefully calculated the level of risks you're willing to absorb, so kudos to you for being so thoughtful and proactive. Thank you for watching ETFguide TV, don't be a stranger and do check out the Portfolio Report Card...another original weekly series we just launched. Best, Ron
People who buy Physical Gold think there are NO counterparty risks....THERE ARE.
When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks
Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all.
so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
Thanks for info..is there a good gold ETf on coinbase you recommend?
Coinbase is a cryptocurrency platform. Why would it trade a gold ETF? You're mixed up. For precious metals ETFs see tickers GLTR and GLDM solid starting points. Also, check out ticker GLDX if you want an income stream on your gold. Thanks for watching.
You trust someone else with your gold? Insanity! In 1980 I remember people who were letting someone store their gold. They were excited to see their investment rise 500% in a few years. Tried to cash in and they had nothing! It will happen again.
I will trust it in my hands only not in stocks.
Speaking of body parts, don't let your eyes get into the way of your imagination.
Here in my country, it is very easy to change for cash
Gold ETF's are going to make many commit suicide when they try to cash in and their gold is gone. If someone else holds your gold, it's not yours.
if gold ever gets to $10,000/oz you can simply sell your gold etf whatever it is, and go and buy gold with that cash, my plan is to eventually sell my gold etf when stocks crash, and buy divvy stocks with it, i save my wages in gold etfs rather than cash, sure i get stung with the etf management fee but at least i dont have to wait 30 min at a PM dealer to buy some and pay 3% over spot when buying
@@petejames1326 So you are saying you trust someone else with your gold? There are two things on this planet that you can NEVER trust other men with. Your woman and your gold! Look at 1980. Some people trying to cash in on their fortune found out they had NO GOLD!
@@tmo4330 read what i wrote, i DIDNT buy gold etfs to one day get the physical metal, i just want the NUMBERS that it will be worth one day. so for eg. its 2030 and gold is $10,000/oz, i can sell my gold ETF and get digits on a computer screen in return wired to me, NOT REAL GOLD because i dont want real gold, and with those $10,000 in digits that i will get when i sell the gold etf, i HOPE to buy cheap dividend stocks with, because my aim is to live off dividends one day
That is a very foolish advice. Why are you playing for the central and bullion banks instead of real people? You should have said: everyone needs to hold 1.22oz of physical gold first and then let the games begin.
BTW, this was not an anti-gold investing video. The argument made is for the most efficient, low cost, and liquid manner for investing in and holding gold. And after watching this video, you're still 100% convinced that keeping physical bullion stacked in your closet is the best approach, bless your heart. Ron
People who buy Physical Gold think there are NO counterparty risks....THERE ARE.
When you Store the physical, whether in bullion vaults, or in other countries....you risks 1. country risk 2. Vault risks 3. companies or banks risks
Even if you hold in a vault at home or in the ground....you RISK being robbed or burglared and losing it all.
so Physical Gold is a problem too. Not forgetting one thing, When you sell physical, the dealers normally take it 5-10% below spot.
Talking absolute bulls**t.
this title is really a joke.
We challenge you to come up with a better title. You're on the clock.
I will keep the good title for this video as the bank will keep your fake gold.
enjoy😃😃😃
LOL! You're so salty.