Hey Guys, I've held (GOLD)ASX for sometime now and noticed it's never been mentioned at-least i couldn't find it on this website. It's gotta have one of the best up-trending charts out there and has very solid gains . I do own the physical metals but owning some liquid exposure is really handy sometimes as it allows me to buy/sell in a instant. If you guys are interested there are actually Physical silver/Gold/Platinum/Palladium/Basket ETF's all available with the possibility of physical delivery. I know there's some skeptics of ETF's on this forum(although i don't know if there in the stock section ) if you guys are interested check out http://www.etfsecurities.com/au/securities/etfs_physical_exposure.asp The main sort of reason for me posting this was really to see if anybody else holds any of these ETF's
It's been mentioned before from what I recall. I think most people are against ETFs as a form of stacking. i.e. Stacking paper silver is for losers
More like you have to know and understand that you might never see again neither your $$ or metal that shares bought should represent. If you have some bobs to spare to gamble with and lose of those wont be a big deal then why not?
For a short term trade nothing better(couple of days).Too dangerous otherwise,with possible collapse around the corner. IMHO.
I'd say maybe a few days to a month, especially if aiming for large movements. It's capital that could vanish at any time anyway once it's committed.
