In a previous blog post we outlined some of the fundamental differences between owning physical gold and owning gold derivatives like ETFs:
Gold ETF: It Always Pays to Read the Fine Print
In a research note to their clients last week major global bank ABN AMRO takes this distinction a step further. Rather than their being one gold price, they suggest that in practice there are actually two: physical gold and gold derivatives.
https://insights.abnamro.nl/en/2019/12/a-world-with-two-gold-prices/
“In times of financial crisis” the author writes, “the price representing physical gold will increase much faster than its non-physical counterpart”.
And for a major bank dealing almost exclusively in paper-based accounts and investments their conclusion is also notable, and echoes what we at SendGold believe: “When there is zero trust in the financial system, the only safe option for investors is still physical gold”.
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