Strategic Asset Selector: Who "owns" the bullion in a precious-metal ETF?
Wainwright recently published an interview with Toronto mutual fund owner Nick Barisheff about using ETFs such as GLD or SLV to invest in precious metals. Mr. Barisheff questioned whether such ETFs provide the investor with ownership of the precious metal itself, as would a direct purchase of bullion or investment in a closed-end mutual fund.
Strategic
Asset Selector: Who "owns" the bullion in a precious-metal
ETF?
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Author: Nick Barisheff
Nick Barisheff
Bullion Management Services Inc.
Nick Barisheff is President and CEO of Bullion Management Group Inc., a bullion investment company that provides investors with a cost-effective, convenient way to purchase and store physical bullion. Widely recognized in North America as a bullion expert, Barisheff is an author, speaker and financial commentator on bullion and current market trends. For more information on Bullion Management Group Inc., BMG BullionFund and BMG BullionBars visit: www.bmginc.ca.
The opinions, estimates and projections stated are those of the author as of the date hereof and are subject to change without notice. The author has made every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and contain information and opinions, which are accurate and complete. Neither Nick Barisheff, nor Bullion Management Group Inc. or any of its affiliates take responsibility for errors or omissions which may be contained therein. Neither the information nor any opinion expressed herein constitutes a solicitation for the sale or purchase of securities, and investors are encouraged to seek advice from a qualified investment advisor before making any investment decisions.
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