How do you invest the gold portion?

Discussion of the Gold portion of the Permanent Portfolio

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vnatale
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How do you invest the gold portion?

Post by vnatale » Tue Sep 10, 2019 8:05 pm

I am soon to be a Level 4 investor.

The book advises that the best way to invest in gold is to own it. However, initially, that would take some time to fully implement.

Therefore, to get started I am strongly thinking of the book's alternative gold recommendation...

The following exchange-traded funds and closed-end funds are popular options for this type of gold ownership.
1. iShares Gold ETF (Ticker: IAU)
2. StreetTracks Gold ETF (Ticker: GLD)
3. Physical Swiss Gold ETF (Ticker: SGOL)
4. Sprott Physical Gold Trust (Ticker: PHYS)
5. Central Fund of Canada (Ticker: CEF)
6. Central Gold Trust of Canada (Ticker: GTU)
7. Canton Bank of Zürich ETF (Ticker: ZGLD)

Does anyone have any experience / recommendations regarding any of the above? Also, since the book was written over seven years ago, have there been superior new products introduced?

Thanks

Vinny
boglerdude
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Re: How do you invest the gold portion?

Post by boglerdude » Tue Sep 10, 2019 8:45 pm

Perth mint ETF is new
pmward
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Re: How do you invest the gold portion?

Post by pmward » Tue Sep 10, 2019 8:50 pm

Yes, AAAU (Perth Mint) is my ETF of choice these days. Lower ER than IAU, and shares are redeemable for physical gold shipped to the U.S. for a $30 shipping fee. So these shares are basically "as good as gold".
KodoCastle
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Re: How do you invest the gold portion?

Post by KodoCastle » Wed Sep 11, 2019 1:34 am

vnatale wrote:
Tue Sep 10, 2019 8:05 pm
The book advises that the best way to invest in gold is to own it. However, initially, that would take some time to fully implement.
Sorry to be a nag, but can I ask why?

Are there no gold dealers around you? Because there are some good online sellers as well. And if you're worried about storage, setting up a secure deposit box (and some insurance for it) only takes a bit of a day and probably costs less than $200 a year (unless you're planning on insuring a lot of gold).
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