newyorklady
Recycles dryer sheets
- Joined
- Apr 7, 2006
- Messages
- 199
any advice?
newyorklady said:any advice?
RustyShackleford said:I believe I've heard that the cheapest and simplest way to just buy
the yellow stuff itself would be the ETF called GLD (technically it's an
"exchange traded NOTE"). It's what I use.
Olav23 said:Are you sure they are ETNs? I thought they were simply a "trust" that owns a bunch of gold/silver, not a debt instrument. Maybe you are thinking of the commodity ETNs like DJP?
2soon2tell said:Check out UNWPX from US Global Investors. The golds funds offer leverage 2-3 X the price of precious metals. Unfortunately this works on the downside as well as the upside.
2soon2tell
newyorklady said:but have some cash lying around that i want to do something with.
Cute Fuzzy Bunny said:I still cant figure out metals but it might pay to own 3-5% of your total in them if they were cheaper.
Only thing about them that makes any sense to me is that people usually run to them when theres a crisis. Other than that they have no recent correlations that stick. The investment tracks TERRIBLY with inflation although for some reason people keep trying to stick that benefit onto it.
Its a hairball investment, IMO.