Are you concerned at all by having “paper” gold exposure through GLD from a standpoint of counterparty risk, rehypothecation, etc? Is AAAU and different/safer as a gold vehicle? Or maybe PHYS is a step safer? Or do you really need to have physical possession of gold?
Given what you commented on in the weekly analysis, I have the following question. Volatility is very low, and the premium differential between puts expiring in June and Sept has compressed quite a bit. If one were to hedge an equity position by buying puts, wouldn’t it make more sense to buy the furthest out? Maybe this is not the place to pose this question. In such a case, please disregard it.
3 Responses
Are you concerned at all by having “paper” gold exposure through GLD from a standpoint of counterparty risk, rehypothecation, etc? Is AAAU and different/safer as a gold vehicle? Or maybe PHYS is a step safer? Or do you really need to have physical possession of gold?
Given what you commented on in the weekly analysis, I have the following question. Volatility is very low, and the premium differential between puts expiring in June and Sept has compressed quite a bit. If one were to hedge an equity position by buying puts, wouldn’t it make more sense to buy the furthest out? Maybe this is not the place to pose this question. In such a case, please disregard it.
What are your thoughts on allocating a small of the portfolio to GDX?