No, none, It’s the same thing. Just 1 GC_F is $270k and I would not buy that % here. Only reason why I would do GLD. Otherwise, you need to remember to roll the contracts too.
Disclaimer: I haven’t traded gold futures so I don’t know about liquidity and fills. I own GLD (0.4% expense ratio) and more recently have switched to buying GLDM (0.1% expense ratio)
They organized the Amsterdam riots last week over the Uber network, which opens the company up to legal liability. I have no idea if it will have a repercussion on the price or not, just don’t want to take the chance. And any ETF that has 18% exposure to a single stock is a bit problematic anyway.
5 Responses
Nick,
Would there be a problem with management of the gold position in the portfolio in buying GC instead of GLD on a 2% pull back?
No, none, It’s the same thing. Just 1 GC_F is $270k and I would not buy that % here. Only reason why I would do GLD. Otherwise, you need to remember to roll the contracts too.
There are also micro gold futures which are 1/10 as large as
https://www.cmegroup.com/markets/metals/precious/e-micro-gold.html
Disclaimer: I haven’t traded gold futures so I don’t know about liquidity and fills. I own GLD (0.4% expense ratio) and more recently have switched to buying GLDM (0.1% expense ratio)
Could you elaborate on the concern with UBER related to ditching IYT?
They organized the Amsterdam riots last week over the Uber network, which opens the company up to legal liability. I have no idea if it will have a repercussion on the price or not, just don’t want to take the chance. And any ETF that has 18% exposure to a single stock is a bit problematic anyway.