Loading ...If any of us have more confidence in the physical price rising better and faster than the Miners prices, UGLD is a triple on the Spot Gold price. Captain Hook I don’t think would approve though. Imagine a 4% rise in Gold = a 12% rise in UGLD and cashing it out and buy 8% more physical with the same dollars? Did I figure that right?
USLV Similar Silver a similar thing. Silver today $13 if it goes back to $18 = 35%? The USLV would go up by 105%? Then switch all or part to physical no matter how high the physical gets? Just something to think about.
But we all know, the ETFs don’t always do what they are supposed to do.
P.S. On a GLD chart with a UGLD overlay, going back to the major gold bottom Jan 2016, the UGLD up 65% with the GLD up about 38%.