Yeah, I dunno. Trading vehicle is my view of it and I think most people see it as that. Not what you do for a long term investment. Great to short, buy/sell options over, or just trade if you can't get physical @ the price or whatever the issue. At least with GLD you can move fast, capture the move then convert to physical later.
TICINO’S STATE COUNCIL CLOSES SWISS GOLD REFINERS BASED IN THE CANTON DUE TO CV 3 BIGGEST REFINERS IN THE WORLD ARE IN TICINO: ARGOR, PAMP AND VALCAMBI. INITIALLY THEY ARE CLOSED UNTIL MARCH 29 BUT EXPECTED TO BE EXTENDED
No one saw it last October when louky posted. He's always 6 months ahead of the fake news headline. Problem now in the moment is every one and their dog, goldfish, cat and grandma sees it and bullish that zone to buy stocks, so lets see if qe infinity works.
"Former Goldman Sachs chief executive Lloyd Blankfein made similar comments on Twitter. “Extreme measures to flatten the virus ‘curve’ is sensible-for a time-to stretch out the strain on health infrastructure. But crushing the economy, jobs and morale is also a health issue-and beyond,” he said."
Even among scientists who study pandemics, some are starting to wonder about the cost of fighting the disease. Michael Osterholm, a University of Minnesota disease specialist, stunned some in the science community when he suggested letting people at low risk of serious disease continue working to keep the economy going.
“This is not like a Minneapolis blizzard that blows through,” he told The Wall Street Journal. “It’s like a Minneapolis winter that lasts for months.”