goodasgold - you do want to check that the FX rates being used are reasonable and don't have a large buy/sell spread themselves as that is a form of hidden cost. Even with tight FX rates, the fact is that PMGOLD on the buy and sell will probably cost more because there is an FX leg involved plus PMGOLD does not run as tight on its buy/sell spread as the US traded products which have a much larger and competitive market that squeezes spreads.
The key to your decision is how long you are planning on holding the gold. If it is only a few years then go with the local products. If longer than the lower ongoing fee of PMGOLD starts to add up. For example, the 0.21% difference between GTU and PMGOLD over 5 years is 1.05% saved.
PMGOLD ?
Moderator: Global Moderator
-
bronsuchecki
- Full Member
- Posts: 78
- Joined: Wed Nov 09, 2011 9:47 pm
- Location: Perth, Western Australia
- Contact:
Re: PMGOLD ?
Disclosure: I work for the Perth Mint. What I say is done in a personal capacity and is not endorsed by the Mint.