What You Might Not Know About Gold ETNS

What You Might Not Know About Gold ETNs

Financial giant Barclays has rolled out a new way to obtain precious metals: exchange-traded notes (ETNs). How do they work and are there hidden costs? Learn more in this episode of USMR Market Insights with Coy Wells.  What You Might Not Know About Gold ETNs – Video Transcription Coy Wells:               00:00 The UK based…

Gold blocks on black background, spelling out ETF

The Hidden Risks of Buying Gold ETFs

For some, buying gold exchange traded funds (ETF) can seem like a good deal. You gain some exposure to gold‘s performance, but without having to arrange for receipt or storage of actual gold. How? A gold ETF trades like a stock, generally tracks the price of gold, and aims to replicate the performance of gold.…

Four 100 gram gold bars at the base of a red arrow pointing upwards

Why Is Gold Rallying?

This weekend’s NY Times article about Goldman Sachs cornering the aluminum warehousing market has generated heated speculation about the lending practices of big banks that warehouse gold. This matter draws great interest because such lending practices could lead to delivery obligations rising to levels significantly higher than gold stocks can support.  Moreover, because these lending arrangements…