best place to have paper gold invested now
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best place to have paper gold invested now
I have 1/2 invested in K RANDS and other half in PHYS. Where is a better choice if there is one other than PHYS. Thanks
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Re: best place to have paper gold invested now
Considering PHYS currently has a discount, not a bad choice. But I used to own CEF, and wasn't really crazy that there wasn't any rhyme or reason to the discount/premium. I like something that tracks directly.
In my older trading days I actually did a few round trips on CEF, bought at a discount, sold at a premium, but that was just luck.
In my older trading days I actually did a few round trips on CEF, bought at a discount, sold at a premium, but that was just luck.
Re: best place to have paper gold invested now
That reminds me of gold ETF trading strategy we used to talk about: buy gold ETFs at discounts, then sell when they show a premium. Trade between ETFs as needed. I'm too busy/lazy to do this, but it's kind of a fun hobby if anyone wants to give it a shot. Would be nice to report premium/discount levels here to help out the rest of us too.
Of course, I now realize this only works if there are significant differences in premium/discount to NAV between funds.
Of course, I now realize this only works if there are significant differences in premium/discount to NAV between funds.