I am considering whether it makes sense to hold several physically deposited gold ETCs under certain conditions. I would like to reduce the issuer risk through diversification.
I am very practical and lazy by nature, so I prefer ETCs and don't want to hold gold bars or coins. This also makes selling and rebalancing much easier. If there really is a global collapse, then gold coins will be the least of our problems.
In my opinion, a balanced portfolio should also include gold. Rather as a stabilizer and protection against inflation.
I currently hold 5% gold in my portfolio. I would like to increase this proportion to at least 10% in the future. I invest in $EWG2 (-0,53 %) . Because 10% in just one gold ETC would be too much for me in the future, I am considering transferring my savings plan to $SGBS (-2,15 %) transfer my savings plan to . It is also important to me that the gold is held in Europe (Germany or Switzerland for the ETCs mentioned above). If there is a total loss, then at least the money should stay in Europe :)
Do you think this step makes sense? Do you only rely on one gold ETC or do you also diversify? I look forward to your answers.
