Just want to be absolutely sure.
I have gold as
ASX Code: GOLD ETFS Physical Gold
I believe I have done my homework and this product is:
- physical allocated gold (ie somewhere there is a gold bar with nu name/number on it)
- unhedged against currency fluctuations
http://www.etfsecurities.com/au/document/downloads/ETFS_Fact_Sheet_Physical_Gold_au.pdf
I just want to be sure that there is no way this stuctured prodct can blow up like CDFs in 2007 /2008.
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- is at etf safe?
is at etf safe?
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