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Anonymous

Posted on 05 Mar 2020

What is the difference between investing in physical gold using bullion or trading gold on trading platform? What are the pros and cons of each?

Should I trade in Gold or invest in Gold in through various platforms?

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Frankie Rappaport

Frankie Rappaport

Level 16. Sage

Posted on 05 Mar 2020

-physical

pro: gold on hand, when crisis there

con: higher fees for buying and fees plus uncertainty of storing/safety

-trading

pro: cheaper buying, theoretically backed up by physical gold safely stored

con: relatively high annual TER costs, "paper gold" or "electronic gold", in case of crises, who would buy that and what if out electricity/telecom system crash?

maybe mix both worlds?

my gut feeling says: physical gold in small units (unfortunatly relatively more costs) would be best in use as crisis money

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