September 08, 2011
– Comments (3) |
RELATED TICKERS: GLD
How safe and consistent is GLD for those of us who don't want to deal with physical gold ?
Safe? Not very, IMO.
If you want safe, go with GTU or PHYS.
But understand the tax implications.
Isn't CEF also safe? I hope so...I have a bunch.
CEF is roughly half gold and half silver. So if you just want gold, it may not be for you.
GTU is run by the same people but is gold-only. Silver Bullion Trust (http://www.silverbulliontrust.com/) is silver-only. All at the same address (and interlinked websites).
So, yes, CEF should be just as safe as GTU.