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Hey pug, lets put it this way. There are two main reasons for investing in gold related investments. One is to profit/protect purchasing power from movements in the goldprice. The other is protection from what many call armeggedon (dont think thats spelt right, but you get my drift).
If things really do go tits up, I'd bet some good money that some/maybe more than some, gold derivative investments (ETF's etc) will be found wanting (ie short of gold if everyone demanded collection). The things is, armmeggedon is unlikely to occur IMO. But the reason many speak poorly of gold derivative investments is because if it occurs, the only thing you want is 'The Real McCoy' in your hand, not a peice of paper saying you have a right to the real thing.
Every other type of gold investment is fine AS LONG AS things DONT go tits up.
