I see that GOLD.ASX is trading at $137.14 a unit.
On my understanding each unit equals one tenth of an ounce of gold.
Please correct me if I am wrong.
Multiply $137.14 by 10 and we get AUD$1371.40 for an ounce of gold. But that is a significant discount to physical gold which at present is AUD$1410.
So why is this GOLD.ASX ETF's gold being sold on the cheap?
Can anyone enlighten me? Also, has this ETF had the physical gold holdings it claims independently audited? Also isn't this ETF managed by paper gold shorts?
I know markets aren't always accurate.
For example Brent crude, which isn't as pure as Nymex Light Sweet Crude, for some mysterious reason which the mainstream media financial analysts don't tell us, is now trading at about a $10 premium to the better quality Nymex Light Sweet Crude. Odd, isn't it?
Please enlighten me, as I'm trying to work out why this GOLD.ASX gold isn't worth as much as some other gold.
- Forums
- ASX - By Stock
- GOLD
- gold.asx etf
gold.asx etf
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online