Do I need to buy actual gold?

poseidon1

Albermarle said:

flaneurs_lobster said:

I know the OP is nothing to do with property but does anyone know the answer to the question that was in there viz:

I can see some stocks on T212 that seem to be connected to gold and silver but I don't understand how it works since I am not actually buying the actual gold so I am not really sure what exactly I am buying...
What I am looking at is iShares Physical Gold SGLN.
Is buying from this the same as buying real gold but without owning it?

Don't think it's the Philosopher's Stone that will make me rich beyond my wildest, but just interested in what these funds are actually made up of.

It is often mentioned in the savings & investments forum, which is where this thread should be.
The iShares Physical Gold ETC seeks to track the day-to-day movement of the price of gold, less fees, by holding gold bullion. The gold bullion backs the securities issued and is valued daily at the London PM fix price. The gold bullion is held as allocated gold bars with the custodian, JPMorgan. State Street acts as the Trustee. iShares Physical ETCs are exchange traded commodities and are neither funds nor exchange traded funds.

Agree, if OP want serious responses he best take himself to the Savings and Investment forum where the stockmarket investors opine on matters of this nature.

Incidentally other gold etfs available, I have a dollar denominated version by the Royal Mint ( ticker RMAU).