Goldman Sachs acquired AAAU

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: Goldman Sachs acquired AAAU

Post by dualstow » Sun Oct 18, 2020 5:44 pm

Buy 1oz coins.
“As a white person of colour, I am extremely concerned about the rise of black whiteness.” — Titania McGrath
pariah — 1610s member of a low caste in S. India; Tamil (Dravidian) “drummer”, as members of the lowest caste played drums at festivals. “social outcast,” 1819.
pmward
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Re: Goldman Sachs acquired AAAU

Post by pmward » 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
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I Shrugged
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Re: Goldman Sachs acquired AAAU

Post by I Shrugged » Mon Nov 09, 2020 11:04 am

Very interesting. Thanks!

So is this an overseas account in IRS terms? What about Bitcoin?
johnnywitt
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Re: Goldman Sachs acquired AAAU

Post by johnnywitt » Mon Nov 23, 2020 6:08 pm

Sherlock wrote:
Tue Oct 13, 2020 6:04 pm
What is the next best alternative? IAU? PHYS?
SGOL?
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dualstow
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Re: Goldman Sachs acquired AAAU

Post by dualstow » Tue Nov 24, 2020 2:40 pm

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!
“As a white person of colour, I am extremely concerned about the rise of black whiteness.” — Titania McGrath
pariah — 1610s member of a low caste in S. India; Tamil (Dravidian) “drummer”, as members of the lowest caste played drums at festivals. “social outcast,” 1819.
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ochotona
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Re: Goldman Sachs acquired AAAU

Post by ochotona » Mon Dec 21, 2020 12:04 pm

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.
>:(
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