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Old 12-12-2012
Silas Silas is offline
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Quote:
Originally Posted by slim jim View Post
exactly. most people who buy gold buy just shares of gold. seems kind of meaningless if you think about it
Meaningless if you intend to use gold as a currency, yes.

But gold is an important part of investing and owning shares in a gold trust are the cheapest way to do that. If you had physical gold, the more you acquired, the more you would need a storage facility. This cost would far exceed the appreciation of gold prices, and your "investment" would be a loss year in and year out.
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