RE: comex3 Apr 2020 09:28
Thanks Speedy. Unfortunately I don't have the cash outside my SIPP to buy some gold but would do if I did. A few years ago I had a Bullion Vault account but decided that the storage charges were to high so cashed in my gold (at a lot lower price than the current one...) and put the cash into my SIPP thinking that the tax relief on my pension contributions would make more for me than gold would :)
PHGP is backed by physical gold holdings and it appears (that's not a word you want to use when investing) that aside from the storage charges 0f 0.39% the rest of your money is invested in Gold bars. I downloaded a spreadsheet from WisdomTree that shows that at the time of writing PHGP has 4,718,481.328 fine troy ozs of gold in London and 1,723,230.502 ozs in Zurich - or so they say....
Better to own it and have it under the mattress but I hope PHGP is the best thing I can do if that isn't possible - apart from from my modest holding of GGP shares of course. Onwards and Upwards.