Gold ETF’s in particular PMGOLD
I’m bit unsure of the new site. I'm trying to find info on Gold ETF's in particular PMGOLD. Thanks Pete
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Answer
Hi Pete,
Thanks for the question as MM hasn’t previously covered the Perth Mint Gold which trades on the ASX and intends to track the international gold price in Australian Dollars – unlike many gold products this can be exchanged for physical gold bars if you want an expensive door stop! The management fee of 0.15% is very attractive plus its very liquid making it an excellent product.
This is actually structured as a warrant rather than an ETF. We remain bullish Gold and hold various stocks and ETF’s across the MM Portfolios. We view PM Gold as a sensible way of holding gold.
