You used to get clipped buying and selling the physical product but these days things are much better.
Dental fillings is a great idea. I know what I can do, I'll post classified ads - "Will buy your gold tooth for top dollars" Then I can position myself to ride the precious metal bull market.
I understand your argument, but before I can make a sensical reply I'd like to know what you mean by "long term".
Long term being 20-30 years. If I'm worried about inflation, I'm buying TIPS. If i'm worried about a govt collapse, forget gold I'm planning an escape. If I'm living in Latin America, I'm growing drugs since they default or come close every so often that working for a living and investing is a joke.
I have been watching CEF for a while as well. I have been looking at putting a little physical away as the price drops a little. I really like the Credit Suisse Ingot Cards. They are nicely packed in plastic with serial numbers for long term identification. However, I have popped a couple of emails to Credit Suisse First Boston...and they never bothered to answer. Seems like the bullion dealers are not excited about giving a choice about whose bars I buy. Anybody know a stable place to get the 1oz CSFB IngotCards? Tnx!
CEF is a terrible investment right now. Why pay an 11% premium over assets? Just buy gold or silver futures. If size is an issue, buy the mini-futures traded on CBOT. I really don't understand this preference for funds when you can get the raw asset so easily.
Cutten, I stand corrected. For me it works as my investment is of a small size, less than the exposure of a mini contract.
I agree....that is why I am watching it...not buying it. I watch about 10x more stuff than I own. I wish I could say getting the form of bullion I prefer was easy...CSFB is not exactly advertising their product. Hope one of you more experienced bullion buyers can offer another route to take. Tnx!