HGU:TO =?
There has been a lot of bashing gold ETF’s, but there should be some vehicles for investing in gold and silver that are okay
like HGU? Any recommendations? Thx
There has been a lot of bashing gold ETF’s, but there should be some vehicles for investing in gold and silver that are okay
like HGU? Any recommendations? Thx
Hi Steins, I never really thought about ETF’s and why they could fail. I started to look at some of the ETFs which a lot say at least 80% of the funds are invested in the assets listed. What if the other 20% were loaded with absolute crap to the point it weighed down or worse destroyed the fund? Like exposure to some ugly derivatives etc. Just spit balling here but I see the wisdom of being invested in individual companies.
I just have this one account that I bought GDX and GDXJ in. I was thinking about how Fully likes HGU and wondering if there is a similar one in the US?
All the rest are spread out in Spock/Plunger and ar5e doing great! About 60 of them. 🙂
HGU is a 2X the XGD
I don’t like the leverage at this point in time
So I a buying and selling XGD only
Note it’s only on the Toronto echange and of course in Canadian $
If the Canadian $ drops XGD outperform GDX
I was in those plus GOAU and GOEX.
Thanks you guys. I’ve done a search also. This isn’t a big account, just some extra $.