two problems of GLD

Not saying it is not a good ride, I do like GLD.

However, there are two problems:

1. Counter party risk. I am also not sure if they own enough physicals to cover the ETF.

2. If you own it outside tax deferred account, you pay 28% tax on gains when you sell regardless how long you hold it.

所有跟帖： 

• When gold ETF is bought/sold, the fund will buy/sale physical go -朱88- ♀ (40 bytes) () 11/05/2010 postreply 17:03:30

• Indeed, but physical gold can -Conehead- ♂ (541 bytes) () 11/05/2010 postreply 19:44:40