Someone asked me:
Are Gold Funds better than Physical Gold?
Does investing in gold funds a better option than buying physical units of gold ? If so then why?
Here is my public answer:
Unless I want to buy earrings: :) and necklaces ..
I would say : Funds are better than physical Gold. here is why:
[1] You can sell a Fund --> faster than you would read this post.
[2] You won't need a storage and a lock box ( it costs both anxiety and Money )
[3] If Physical Gold goes up by 10 % - your stock will go up by more than 10 % - usually that has been the case..
But of course, you could build in a fatalistic scenario--> a break down of everything -> well, in that - anarchy - I doubt if physical God will be as safe as one would like to believe.
Did you get the message?
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Cheers
Olga Lednichenko
Original source: http://olgalednichenko.wordpress.com/?p=950
