abx is very interesting. i don’t buy directly but via mutual f ..... so far
abx is very sexy.... old man bush has been involved with them ... they are connected players ... IMHO
fun= gdx (gold mine ETF)
gld= ETF that just buys bullion
google it and follow in MSN money and set up a quote list
Get an MSN mail account instead of hot mail account
https://accountservices.passport.net/reg.srf?ns=msn.com&sl=1&lc=1033
kitco.com you can buy bullion at any given moments price. They’ll hang on to it for you, trade it for you or just send it to you. One may always set up their own household smelter ;-}
I’m very familiar with the ETFs having traded them with frequency. They fit in well with my trading style which isn’t buy and hold. Yetsrday I bought QID, held it overnight and sold 1/2 just minutes ago. Buy and hold went out in the nineties!
What is the byproduct of gold. Is it earnings, dividends, interest? No?
Well, then for the same reason as buying gold, you might as well by used bricks, gravel, copper, cords of wood, rubber bands, or whatever.
The only allure of gold, is the mystique behind it. Like any commodity, it only appreciates via inflation, supply, demand, or currency loss of the nation which you live in.
With a rental property you get income, stocks you get ownership and dividends, bonds you get interest. But with gold you just get an object...
Granted, you could buy a goldmining company, that makes its business in selling objects, no different than buying a gravel company.