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goldfinger2112
10-29-2011, 12:56 AM
I have been watching two gold ETFs.. GLD and PHYS.. Both claim to hold substantially all of its assets in physical gold bullion. However, today (Oct 28) PHYS lost 1.13% while GLD GAINED .04%... This is a huge difference.. Can anyone shed some light as to why this occurs, since both funds are based on gold bullion?

Thanks

Goleodoros
10-29-2011, 01:59 AM
I have been watching two gold ETFs.. GLD and PHYS.. Both claim to hold substantially all of its assets in physical gold bullion. However, today (Oct 28) PHYS lost 1.13% while GLD GAINED .04%... This is a huge difference.. Can anyone shed some light as to why this occurs, since both funds are based on gold bullion?

Thanks

Do not think about it, I think this is connected with a discount (Yesterday discount PHYS fell to minimum values ​​of the month) or a reverse arbitrage, but I do not know.. If you want to buy gold then distribute the money among the three gold funds GLD,PHYS,GTU ( http://www.gold-trust.com/ shows the best yield )

Goleodoros
10-29-2011, 02:16 AM
I keep the shorts in gold and platinum long :)

coindog
10-29-2011, 05:36 AM
you should read the D-day for GLD thread. then run.

goldfinger2112
10-29-2011, 09:38 AM
Do not think about it, I think this is connected with a discount (Yesterday discount PHYS fell to minimum values ​​of the month) or a reverse arbitrage, but I do not know.. If you want to buy gold then distribute the money among the three gold funds GLD,PHYS,GTU ( http://www.gold-trust.com/ shows the best yield )


Thanks for the info. Will add GTU to my watch list..

goldfinger2112
10-29-2011, 09:39 AM
you should read the D-day for GLD thread. then run.

Coindog. I cannot find this thread. Where is it? Thanks

Silvercoin
10-29-2011, 09:51 AM
PHYS is eric sprott's gold investment etf.

it claims to hold physical gold to back up its shares.

GLD does not claim to hold all the physical gold to back up its shares. It has a lot of ambiguous wording in its prospectus.

I would trust PHYS over GLD but I trust holding physical coins & bars over either anyday.

Goleodoros
10-29-2011, 11:00 AM
Thanks for the info. Will add GTU to my watch list..

There are gold ETF..

SPDR Gold Shares Trust (GLD)
iShares COMEX Gold Trust (IAU)
ETFS Physical Swiss Gold Shares (SGOL)

Market Vectors Gold Miners ETF (GDX)
Market Vectors Junior Gold Miners ETF (GDXJ)
PowerShares DB Gold (DGL)

double increase of the price movement of gold. On the shoulder..
ProShares Ultra Gold ETF (UGL)
ProShares UltraShort Gold ETF (GLL)

In gold, you can invest with ETN (exchange of notes):
UBS E-TRACS CMCI Gold TR ETN (UBG)
PowerShares DB Gold Short ETN (DGZ)
PowerShares DB Gold Double Long ETN (DGP) double the growth
PowerShares DB Gold Double Short ETN (DZZ) a double dip

http://stockspy.ru/fondy-etf/12-sposobov-investirovat-v-zoloto-s-pomoshhyu-этф
sorry source in Russian:)
here's a good scan http://finviz.com/quote.ashx?t=gld&ty=c&ta=0&p=w

goldfinger2112
10-29-2011, 01:30 PM
PHYS is eric sprott's gold investment etf.

it claims to hold physical gold to back up its shares.

GLD does not claim to hold all the physical gold to back up its shares. It has a lot of ambiguous wording in its prospectus.

I would trust PHYS over GLD but I trust holding physical coins & bars over either anyday.


I did a bit more research, and appears that PHYS allows investors to redeem their shares for physical gold when requested! I also read that there is a tax advantage with PHYS over GLD in that you are only taxed 15% cap gains tax as opposed to 28%. So its the next best thing to having coins in hand. I do not know, however, if there is a redemption fee when requesting physical gold.

coindog
10-29-2011, 01:42 PM
Coindog. I cannot find this thread. Where is it? Thanks

the title is "D-Day near for GLD". on page 2 (currently) of gold forum. very eye-opening.

lubbad
10-29-2011, 01:43 PM
the title is "D-Day near for GLD". on page 2 (currently) of gold forum. very eye-opening.

http://etfdailynews.com/2011/10/28/is-the-%E2%80%98d-day%E2%80%99-nearing-for-the-spdr-gold-etf-gld-iau-slv-dzz-gdx/

Nov 11, 2011 is apparently D-Day for GLD

http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=13341:the-seven-sins-of-gld&catid=48:gold-commentary&Itemid=131

Silvercoin
10-29-2011, 01:59 PM
I did a bit more research, and appears that PHYS allows investors to redeem their shares for physical gold when requested!

yea but if you read deeper, there's a catch.

You need at least 100 oz worth of gold (or is it 1000 oz) before you can redeem. It is only redeemable in bar form since its bullion bars they (claim to) hold in their vaults. They are not going to chip off a 1oz piece for you.

What I dislike about these gold etfs is they hold their gold in far off places reputed for their financial scamming like Switzerland and London.

Switzerland is the center of global corruption as it takes in bribery money, tax evasion and tax fraud money, mafia money...etc How can such a place be considered a safe location to hold your investments.

If you want to hold gold, the best person to hold it is you. If you dont hold it you dont own it - all you own is a paper claim on it and history shows you almost always end up being cheated with paper receipts.

Also a big stash of gold sitting out there will attract the government's attention at some point to increase taxation and confiscation of it.

Goleodoros
10-30-2011, 12:07 PM
Thanks for the info. Will add GTU to my watch list..
http://www.gold-trust.com/.. I came to the conclusion that at very large discounts GTU .. discount for purchases may composes 11% -15% of face value! necessary to learn more what this fund.