Which is better?
A gold ETF or outright ownership of the real thing?
Not a day goes by that one gold ETF or another is reporting strong gains to its stockpile. Most of those gains come from financial institutions and hedge funds boosting their portfolio positions. We applaud Wall Street’s move to gold. At the same time, though an ETF might make sense for funds and institutions, it might not be the best choice for private investors interesting in owning gold for long-term asset preservation purposes.
Gold ETFs, says Simon Black of the SovereignMan website, are “purely a financial product that defeats the entire purpose of owning gold to begin with. Why turn one of the best, longest-standing physical assets in the history of the world into a paper asset? With this type of debt instrument, you don’t actually own the gold yourself. You become a creditor with nothing more than a claim on someone else’s gold.”
At USAGOLD, we have an alternative you might want to consider ……
The Precious Metals Safe Storage Advantage
It only takes a few minutes to complete a Precious Metals Safe Storage account opening form, but it could mean all the difference for the investor seeking a superior alternative to gold and silver ETFs. We use the word “superior” because depository storage accounts come with an option not readily available in most ETF accounts – You can take delivery of the metal in your account, or any portion of it, whenever you wish.
At the same time, given the exclusive preferred referral storage rate you receive by opening your storage account through USAGOLD, the annual cost to maintain your holdings is comparable (and often lower) to what most ETF vendors charge in annual fees. All the while, your metal is stored safely and fully insured at one of America’s oldest, largest and respected independent depositories – a firm with which we personally have done business for decades. To get started, we invite you to go to the link immediately below and fill out the application.
Account Form – Precious Metals Storage Account