Q: Hello
What is the best way to hold gold bullion? Is it in an ETF?
Is there a Canadian ETF that invests in the metal?
Thanks
Jeff
What is the best way to hold gold bullion? Is it in an ETF?
Is there a Canadian ETF that invests in the metal?
Thanks
Jeff
5i Research Answer:
There are many options here, but one of our favourites is PHYS, trading on both the TSX and NYSE. It stores its gold outside the US, and units can be exchanged for actual gold (minimums apply). We (Peter) were involved in the original set up of this fund in the early 2010s, and it compares well with the other options. Large, liquid and secure. We think an ETF is the best way to hold physical gold. There are no storage fees nor security issues this way.