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Rescue Your Wallet

Pirates of Finance

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How Much Would You Pay for a Gold ETF?

Gold is not accessible for redemption, so you can't redeem your share for physical gold. That gold will be thrown into the ocean at some random point in the next 50 years. If it were trading at a discount to the actual fair value of gold, the what you should do is someone should buy all the outstanding shares,. Or buy the fund company and liquidate the ETF.

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