That kinda does not make sense to me.I have to confess I've been...

That kinda does not make sense to me.

I have to confess I've been buying some Gold Etf as it's so easy, I'm just sticking to the big one on the ASX GOLD , buying physical is so time consuming going to the bank taking out cash walking to the dealer lining up 20min, going back to the bank vault to put it in after buying it, during that time the price goes up $20 on you , paying $60 over spot, buying the ETF is easier just like a stock, no lining up at the bank and bullion dealers etc... My physical is for the long term for when I'm retired, but the gold ETFs I'll probably sell when we get to us$10000 by 2030 and I'll just use that to buy some cheap sp500 ETF which hopefully would be near rock bottom when gold is flying high

Why even bother taking out cash.No different from a bank transfer?.

Or are you actually going to a dealer.?

Part of the fun is to hold it in your hands and appreciate it at any given notice..