8Mo
Perhaps it makes more sense to diversify across different storage locations instead of different ETCs? What good are 7 gold ETCs if they all access the same empty warehouse?
But you have to look deeper into the ETC prospectuses.
But you have to look deeper into the ETC prospectuses.
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@Epi Are these assumptions or facts? Why would the two ETCs mentioned above have the same storage location? If so, please provide sources. Kind of very pessimistic for my taste.
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8Mo
@Humble_InvestingX Why pessimistic? It just follows your logic of diversification of gold ETCs (which I personally think is nonsense, but that's not the point). Diversification within gold ETCs only makes sense if the storage locations are different. Why else would an ETC fall to 0 if not because the depository is empty?
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@Epi Your statement would also sound much more logical to me if you could provide me with proof that the bearing positions are actually the same. If the ETCs mentioned above have different bearing positions, then that's great. Why do you think gold ETCs are garbage? Has there been a case in the past where a gold ETC has completely sunk? I know that gold ETCs are strictly regulated in Europe and that the gold cover is controlled.
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8Mo
@Humble_InvestingX Why should I go to the trouble of finding the bearing positions for you? You want to diversify. I was just pointing out a crucial aspect that many people often overlook.
I don't think gold ETCs are garbage. But I do think it's nonsense to diversify between gold ETCs.
I don't know of a case where a gold ETC has fallen to 0, that doesn't mean anything. It could still happen, especially if the stocks are empty. That's never happened before. 🤷
Do you know of a single person who has ever requested and received physical delivery of a gold ETC? I only know stories that it didn't work out.
I don't think gold ETCs are garbage. But I do think it's nonsense to diversify between gold ETCs.
I don't know of a case where a gold ETC has fallen to 0, that doesn't mean anything. It could still happen, especially if the stocks are empty. That's never happened before. 🤷
Do you know of a single person who has ever requested and received physical delivery of a gold ETC? I only know stories that it didn't work out.
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