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Everything is AUsome

chronyx

By chronyx
in Property Prices & Economy

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chronyx

chronyx

Posted
Posted

Gold down to £950. 

Anybody here buying?

Also can anyone explain how gold ETFs work and if they are worthwhile.

I'm too fucking dumb to understand them so I bought some physical at £975 and might dabble again...we'll see. 

 

chronyx

chronyx

Posted
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Posted

Sorry, meant to post this in Investing forum as "There seems to be a liquidity crisis" thread made some neurons fire

Inoperational Bumblebee

Inoperational Bumblebee

Posted
Posted

I can't describe exactly how they 'work', but INXG supposedly holds 1/50 ounce of physical for each share. That's what I've bought previously and currently hold. Down 5.7% on my previous purchase but may get some more on the June regular investment run (fees only £1.50...) from my broker.

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