Loading ...Good morning Farmboy
I’m probably not the best person to ask about the ETFs. I prefer to invest in individual stocks. However having said that I don’t think that the stock index’s like GDX have the “decay” feature that most ETFs especially the 3X long or short silver or gold ETFs have. Your investment won’t silently melt away with no move on your part. I would never invest in GLD or SLV. I believe they are a tool of those who manipulate metals prices lower. They are not bound to put investor’s money into actual gold or silver but can buy derivatives (futures) instead. It’s very likely they don’t have the metal that they say they do and when the music stops there’s going to be a lot of crying and gnashing of teeth by those who bought GLD and thought they had a gold investment.
Perhaps others can comment.
Cheers
ipso
PS I agree with what Maddog said. AFAIK the Sprott gold and silver ETFs are a different animal than GLD and SLV and are audited. I believe they are honest. Nothing like metal in the hand however! 