PMGOLD - Perth Mint Call Warrants Tradeable on the ASX, page-12

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jogo

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25/03/20

22:17

Post #: 43700580
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Originally posted by brianchu82: ↑

Hi Jogo,

I personally think PMGold is better than the GOLD ETF because it has physical bullion backing. The Gold ETF has the relative merit of being more liquid since more investors buy and sell out of it and it is international. However, Gold ETF has more claimants to the physical bullion and I think it is more prone to settling in cash like the COMEX, in my view. PMGold is less liquid and there is basis risk since it is not heavily traded so there may be a lag between the spot price and the price you want to buy or sell into the market but if I want the gold bars or bullion, I receive it. It takes around 5-7 business days to settle and you do have to spend around $100 or so for delivery. I had a 10oz bar delivered to me in 2016 when I redeemed mine. They took me to a secure warehouse location much like what you see in the movies, you back your car in, the gate closes and then they hand the goods to you.

Hope this helps.

Regards,
Brian

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Yes, thanks Brian. Your comments support my original decision to use PMGOLD. I have observed the spot price and the ASX price differential but since I do not trade from day to day that is not a consequence to me. Your confirmation of physical delivery is helpful, although I had no reason to doubt the Mint in this regard. Liquidity is always an issue but so far there has been sufficient to keep me happy.
Thanks for a quick reply.
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PMGOLD - Perth Mint Call Warrants Tradeable on the ASX, page-12

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