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Physical gold vs gold ETF

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asked May 06, 2018 12:09 PM by
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updated May 06, 2018 12:09 PM by
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Is there any downside to buying physical gold vs the gold bullion ETF suggested by money geek if you are spending the same amount of money? (aside from theft and storage issues) I've been advised that physical gold is preferable because it is a tangible asset and there is no counter party risk. Especially since it is a hedge against an economic crisis.

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answered May 07, 2018 10:55 AM by
Jin Won Choi gravatar image Administrator

Hi CharlieQuest,

I think the biggest downside I see with buying physical gold is that it will increase your transaction costs. After all, the people who stand ready to buy your gold don't work for free.

Jin

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Asked: May 06, 2018 12:09 PM

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