Click here to get this article in PDF
BMG Group Inc./Nick Barisheff/5-5-2020
“Many investors and financial advisors may be surprised to learn that owning shares in a gold ETF is not the same as owning physical gold. As one of the largest ETFs, GLD states in its prospectus: ‘…designed to track the price of gold.’ Is it wise to choose convenience over holding physical gold? Since their introduction in 2003, gold-backed ETFs have transformed the gold investment market into an illusion, diverting attention from ownership of physical gold. This is like a magician that has you focused on a distraction while they perform a trick.”
USAGOLD note: Barisheff adds his voice in a unique way to the chorus of gold ETF naysayers ……