Goldman Sachs acquired AAAU

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
dualstow
Executive Member
Executive Member
Posts: 14292
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Goldman Sachs acquired AAAU

Post by dualstow »

Buy 1oz coins.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
pmward
Executive Member
Executive Member
Posts: 1731
Joined: Thu Jan 24, 2019 4:39 pm

Re: Goldman Sachs acquired AAAU

Post by pmward »

And now it suddenly makes sense why Perth Mint sold off AAAU, their new GoldPass app to buy and sell unallocated gold certificates with no fees, full redeemability, etc. Not sure this would be a product that would appeal to most here, but it certainly is an interesting product, especially targeted towards the younger crowd that prefers to use mobile apps for everything (also of note the "minimum" investment is only $1.50 and certificates can be bought for any dollar amount, another hint that the younger crowd is the target audience). If they can win over some of the younger crowd that helps us all, so here's hoping it is a successful product!

https://www.perthmint.com/goldpass.aspx ... PsEALw_wcB
User avatar
I Shrugged
Executive Member
Executive Member
Posts: 2064
Joined: Tue Dec 18, 2012 6:35 pm

Re: Goldman Sachs acquired AAAU

Post by I Shrugged »

Very interesting. Thanks!

So is this an overseas account in IRS terms? What about Bitcoin?
johnnywitt
Senior Member
Senior Member
Posts: 147
Joined: Fri May 08, 2020 6:06 pm

Re: Goldman Sachs acquired AAAU

Post by johnnywitt »

Sherlock wrote: Tue Oct 13, 2020 6:04 pm What is the next best alternative? IAU? PHYS?
SGOL?
User avatar
dualstow
Executive Member
Executive Member
Posts: 14292
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Goldman Sachs acquired AAAU

Post by dualstow »

pmward wrote: Mon Nov 09, 2020 7:42 am And now it suddenly makes sense why Perth Mint sold off AAAU, their new GoldPass app to buy and sell unallocated gold certificates with no fees, full redeemability, etc. Not sure this would be a product that would appeal to most here, but it certainly is an interesting product, especially targeted towards the younger crowd that prefers to use mobile apps for everything (also of note the "minimum" investment is only $1.50 and certificates can be bought for any dollar amount, another hint that the younger crowd is the target audience). If they can win over some of the younger crowd that helps us all, so here's hoping it is a successful product!

https://www.perthmint.com/goldpass.aspx ... PsEALw_wcB
Thank you!
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
User avatar
ochotona
Executive Member
Executive Member
Posts: 3354
Joined: Fri Jan 30, 2015 5:54 am

Re: Goldman Sachs acquired AAAU

Post by ochotona »

pmward wrote: Tue Oct 13, 2020 11:59 am Goldman Sachs has acquired AAAU https://www.gsam.com/content/gsam/globa ... d_ETF.html

"Upon closing, it is expected that GSAM will become the sole sponsor of the fund and a new third-party custodian will be appointed."

All I have to say is: BOOOOOO!!!!

Time to sell all AAAU for GLDM or IAU, imo.
>:(
Post Reply