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Gold Investment Thread
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<blockquote data-quote="zoom" data-source="post: 1515961" data-attributes="member: 885"><p>Are you referring to premiums? Right now the premiums for gold are around 5% for 1 oz. bars and 7% for 1 oz. coins. A 5-7% premium isn't terrible as long as you plan to hold for a long time.</p><p></p><p>If you don't want to pay that high of a premium then I would consider the Sprott Physical Gold Trust (PHYS). It's a fully allocated trust that has a direct impact on the price of gold. Whenever the fund trades at a premium above its net asset value the trust goes out and buys 1,000 oz gold bars.</p></blockquote><p></p>
[QUOTE="zoom, post: 1515961, member: 885"] Are you referring to premiums? Right now the premiums for gold are around 5% for 1 oz. bars and 7% for 1 oz. coins. A 5-7% premium isn't terrible as long as you plan to hold for a long time. If you don't want to pay that high of a premium then I would consider the Sprott Physical Gold Trust (PHYS). It's a fully allocated trust that has a direct impact on the price of gold. Whenever the fund trades at a premium above its net asset value the trust goes out and buys 1,000 oz gold bars. [/QUOTE]
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