GOLD ETFs/ETCs

[AuricGoldfinger]

Whats the best way to buy gold through my H&L S&S ISA? I assumed ETFs but seems to be ETCs not entirely sure the difference or which to go for - any help would be much appreciated!

[Tattoedamat]

Personally do a search as to proformance of each etf and see what concistantly gives best returns.  Buy physical with real money over paper though both is good.  

[Bumble]

It looks like HL don't cover GLD because it doesn't have a current KID, which is odd. PHYS is not allowed in ISAs. You can buy PHAU though, which is a London listed fund.

[AuricGoldfinger]

I have seen that RMAP which is royal mints ETC looks like something i quite fancy. It tracks the gold price in GBP and is in OZs which is units I recognise!

[Seasider]

16 hours ago, Bumble said:

You can buy PHAU though, which is a London listed fund.

PHAU is in dollars.  If you want sterling there is PHGP.

[mdp2505]

ETC is an Exchange Traded Commodity. I use iShares Physical Gold ETC in my HL. 0.19% ongoing charge.

As much as I love collecting physical metals, it has been a good and easy way to balance my metal holdings. 

The factsheet says: 'The ETC seeks to track the return of the gold spot price.' 'The metal backing the securities are always physically held.'

[AuricGoldfinger]

Thats what i like about it, can be easily bought and sold. Im all for the physical as something that you intend to keep hold of permanently in your portfolio but ETCs seem like the best way to move money in and out of gold especially in these times of crisis. I really like the look of the Royal Mint on so think I’m going to go for that

[Kookaburracollector]

On 25/03/2020 at 22:11, AuricGoldfinger said:

Whats the best way to buy gold through my H&L S&S ISA? I assumed ETFs but seems to be ETCs not entirely sure the difference or which to go for - any help would be much appreciated!

I have a HL account, and use it frequently to buy gold related investment products. A straight play on gold mining ETF’s can be done using GDGB. This can be traded real-time like a share but beware😱.

The spread on this used to be minimal (less than half a percent) but now has widened to over 4% making it too expensive to use day trading. I also got this horror message one day this week:-

Basically, I couldn’t get a fixed price to sell! ..And I wasn’t going to use a fill or kill order either. A few hours later the situation was resolved and I was able to take profits..but that was a warning shot...if you don’t hold it, you don’t own it. The volatility in all markets at the moment make things very tricky.

For a longer term play on gold (core investment) I find Investec Global Gold to be very good. BUT..if you want to sell it takes 24 hours for the trade to go through...sometimes longer for other funds. 
 

If you are off the spectrum when it comes to taking risk (like playing Russian Roulette)  there is always the CFD market (I use Capital.com) where you can trade on the margin using leverage...but I really would leave that alone unless you are a very experienced trader.

Hole that helps!

[AuricGoldfinger]

Thanks @Kookaburracollector !!

[Bumble]

AUCP is an alternative to GDBG for gold miners. AUCP is also London-listed, and although it is about the same size, it appears to be much more liquid. High liquidity is a good thing with funds, just as it is with stocks. Of course, GDX is a monster compared with either.

[silvernewbie]

I was going to suggest vaneck as well, its the uk gdx equivilent 

i also buy blackrock gold and general a well managed gold mining fund

[Stuntman]

I do the same as @mdp2505 in that I use the iShares physical gold  ETC fund through HL.  I also use the iShares physical silver and platinum ETCs.