You are currently viewing Did you know… that you can buy gold through your stockbroker?

Did you know… that you can buy gold through your stockbroker?

The Perth Mint has two  Exchange Traded Funds (ETFs) which are redeemable for physical gold.

Checkout AAAU listed on New York Stock Exchange (NYSE:AAAU), and PMGOLD listed on Australian Stock Exchange (ASX:PMGOLD).

By the way investments in GLD ETF are not redeemable for physical gold. Although GLD is the largest and most liquid ETF, it is not the ETF you want to hold for investing in physical gold. It’s the ETF you trade to take advantage of temporary fluctuations in the price of gold.

Don’t complain that you had no time to go to the bullion dealer.

Links below

https://www.aaauetf.com/

https://www.perthmint.com/storage/perth-mint-gold-asx.html

Note: Your tax jurisdiction may treat these as purchase of shares not physical metal which can have tax implications (eg. capital gains tax). Consult your tax advisor.

Screenshot of NYSE:AAAU ETF

Screenshot of ASX:PMGOLD ETF

Leave a Reply