Why no paper gold?

Are gold ETFs considered "paper gold"?

I go for all as i prefer a diversified portfolio.

Its the percentage of allocation that could differ.

nett profit over time invested says it all
spread , fees etc must be deducted first


UT ,paper gold cannot make money?

yes anything that can make money and we are familiar with.
why not?

perhaps some once bitten twice shy...terus takut tak berani lagi.

I'm not sure, but based on my understanding, gold ETFs is not paper gold.
Paper gold refer to e-gold, purchased from bank buy no physical gold on hand?

U guys buy gold for 1 reason.... profit, correct?
When u guys going to realise those profit?
U guys don't have the urge to sell at high and wait for it to go down even you guys know it will goes down eventually to more reasonable price?

Property I know how to re optimize the return if required
Share market also and in some way, crypto currency too

But for gold, the other option is silver only but it very similar movement.
So guys , u hold until give to grandchildren?

at this point my gold holding are insignificant comparing to others
i just don't see any way to increase it if i can't find a way or target to exit or re optimized

This post has been edited by Iceman74: Jul 19 2024, 11:54 AM

Probably hold until I retire. And use that to cover part of my daily expense

Maybe I should hold some gold as well

https://www.reuters.com/markets/wealth/gold...old-2024-07-18/

Physically-replicated gold ETFs like IAUM, GLDM, IAU and GLD hold gold physically in vaults but their ownerships change all the time with the ETF shares changing hands among owners. If "e-gold" by banks don't have any physical gold behind them better don't touch haha

This post has been edited by TOS: Jul 19 2024, 01:34 PM

that is what most people will do over a long period, with a personal preferred pecking order.

most likely to be dictated by amount available, risk aversion attitude, age.

some will go big into cepat kaya schemes while others save all in EPF.

in the middle lies the the most common behavior - a calculated personal portfolio of mixed assets.

if u can keep to this commitment, almost certain u won't go wrong.

can ask prophetjul to retell his 30 yr experience!

my case is a bit like his but on a smaller scale, a shorter time period.

perhaps gen z were quickest to figure out what the decades of QE and infinite amount of fiat money will do in the coming years/decades.

my personal view is both paper gold and ETFs are quite safe.

ETFs... how sure are you that the physical gold is still there?!!

even country gold reserves numbers for USA and China are disputed by some - USA no. is too high, China no. too low!!??

1. Why buy gold?
A. Beautiful salesgirl, polite n helpful.

2. Why never sell gold?
A. Wife will find out about Beautiful salesgirl, polite n helpful.

whoa itu macam punya reason kah?

unker buy gold genuine kah buy beautiful salesgirl service....

must give some thought also for
those girls who are not beautiful.....
they need to cari makan also...

Because there is counterparty risk; i.e. there is the likelihood that the parties involved in a financial transaction might default on their contractual obligations.

To reduce this risk, only invest in gold ETFs which allow you to take physical delivery of the gold if you are still keen on these. Also there is no guarantee if they have enough physical gold for you to take delivery in case when every investor is rushing to redeem. These ETFs are also located overseas, so shipping/insurance costs need to be taken into consideration

This post has been edited by markedestiny: Jul 19 2024, 02:35 PM

There is the Malaysian based Aham Tradeplus ETF. Gold bar is in storage in a Singapore vault facility near Changi airport. Not very far to collect.

We buy every 'investment' for profit.
The question is are you buying gold for fast trading? I would advise against that.
I bought gold in 2002 to hedge against money printing.
I knew the returns would be at least better than FD.
I plunked my FD monies into gold.
I have been holding still.
After more than 20 years, It has been a good ride in runggit terms.
I will sell when I need the money.
I will leave the gold collectibles to my children.

The maybank i-miga can withdraw actual physical gold form bank, min 1g bar, if after buying e-gold, suddenly change of mind, want keep physical gold.

Are the charges ok? I thought buying gold via banks always kena katuk by the bank. Their charges are never gonna be cheap.

Still leaning towards gold ETF lol

On the flip side, some big ETFs...their physical holdings based on 110 Kg/gold bar.

Unker/Auntie mesti kaya to take physical possession.

If self collection about 1g = RM25 fees, 10g = RM 63.
If delivery, need to pay for courier fees la.

The buying and selling price everyday up and down one. Either you ketuk by bank or ketuk by physical shop, you choose. haha


https://www.maybank2u.com.my/iwov-resources.../miga-i_faq.pdf

My investment objective is to grow my wealth. If an asset value is going up and up, there is no real reason to sell.

Later in life, say after my retirement, my investment objective could change. From growing wealth to say living a certain lifestyle. I will.probably be selling then.

In between, I do occasionally sell. I believe long term gold will go up, but its not on a straight line. As part of risk management, I set a percentage of my asset allocation into gold and if it goes way beyond that, I could trim my position back close to my original allocation. This could be viewed as "taking profits". There is possible opportunity lost here of course.

But I do this tinkering far less often for gold than say stocks.

I guess majority here are just buying and forget for future generations and will not be selling even there is big possibility there will be sharp drop in gold price.
That means no matters price increase or decrease, as long there is no need for cash, the position are holding.
The hold position will never change even others return investment look tempting comparing to the gold on downtrend.
Understood your position.


Hmmm… I like this idea. Anyway precious metal are way way behind my other priority investments. Most probably will buy and forget about it.

This post has been edited by Iceman74: Jul 20 2024, 04:17 PM