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Patsgold
08-05-2010, 01:46 PM
Can anyone tell me which is a better stock to invest in for gold? GLD or IAU? I'm a newbie. Thanks

AURUM
08-05-2010, 02:01 PM
There have been numerous articles theorizing that ownership of those shares simply lists you as an unsecured creditor for unallocated gold bullion. James Turk, Adrian Douglas and others have written on this idea.

Some bullion funds that claim to have allocated bullion are GTU and PHYS. You will pay a premium for these, but you are paying for another layer of safety and actual ownership of assets, according to their prospectuses.

Patsgold
08-05-2010, 02:56 PM
thanks I will look into those is buying golds the better way to go?

AURUM
08-05-2010, 03:06 PM
thanks I will look into those is buying golds the better way to go?

You will get a lot of different opinions on that. Many prefer to simply keep actual gold in their possession. If you don't want to do that, or want to mix it up, then GTU or PHYS are among the safer options, IMHO. There is a lot to be said for starting with some gold eagles or maples in your possession. The two funds I mentioned keep their gold stored in Canada.

Txtraveler28
08-05-2010, 03:08 PM
Its hard to find anyone who would defend GLD, its so shady. At least you know what not to get!

Patsgold
08-05-2010, 04:25 PM
Why is GLD so shady???