Better than hellogold I suppose.
Any fees?
GOLDETF (0828EA), Buy Gold like u buy shares
GOLDETF (0828EA), Buy Gold like u buy shares
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Jul 19 2019, 12:57 PM
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#1
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Better than hellogold I suppose.
Any fees? |
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Jul 19 2019, 09:37 PM
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#2
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QUOTE(Jordy @ Jul 19 2019, 01:20 PM) It is just your normal trading fees. Annual management fee is around 0.8% as I have read somewhere before. Since the IPO closing of 1.74 to current price of 1.945 (19 months), the return is only 11.78%, with most of the gains coming from June 2019 onward. Might not be worth to look at if gold price is going to be volatile. QUOTE(Cubalagi @ Jul 19 2019, 01:48 PM) Pay normal brokerage like a stock. I suggest use online cash upfront (like Rakuten 0.1%) for lowest transaction costs. Also no stamp duty but watch out for the min brokerage. QUOTE(Jordy @ Jul 19 2019, 04:00 PM) Thank you for your clarification on the annual management fee. the surge of gold are mainly due to the anticipating of recession I suppose. But the volatility is high. "The stock is 99% invested in real physical gold bars. So performance will track price of gold obviously" This one I agree. So coming back to the direction of spot gold price. The swing is too wild if we look at the previous 10Yr chart. No doubt that there is a chance to hit one of the up cycles of gold price, but that will be during a time of recession. If we take a look at the current gold price, it is at it's all-time high right now. I believe that the recent surge in gold price is due to China's buying spree since the start of the year. The questions we need to ask ourselves are, how long can it hold at its current valuation, how long is our big brother China going to sustain their buying spree, and the most fundamental question would be how long will the US keep its interest rate low? [attachmentid=10286828] Investing in gold can be act as a hedge because the correlation to main market is low. But given the uncertainty of current market movement, even gold is not safe anymore. Its already very high at the mean time, can it breach further? Nevertheless, we can give it a try for not exceeding 10% of our portfolio, perhaps? |
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Aug 7 2019, 09:33 PM
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#3
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