Just researching options for buying gold, as opposed to shares in gold-related companies. I wouldn't want to have it actually delivered though.
From looking around, it seems a few options are:
- Perth Mint certificates
- Perth Mint depository program (non-allocated cheapest)
- The PMG call warrant ZAUWBA (non-leveraged)
- Gold futures (presumably leveraged)
Does anyone have any particular pros and cons for these different options?
I probably wouldn't want a leveraged product, so for me that would likely cut out futures, but I'm wondering particularly about the first three Perth Mint options.
What's the main differences between their certificates and non-allocated depository program? They both just seem to give you a right to some gold in the mint.
And what about the call warrant? To me that looks like the easiest option, as I think I can trade that through my online broker already, and it's non-leveraged with an expiry date in 2013. I wouldn't really be looking to trade it though, but I'd assume that as 2013 came around, they'd bring out another warrant to be able to rollover into if I was still holding. I've attached a recent chart.
Any thoughts or opinions?