IAU vs PHAU ---- IAU=PHAU

[frugal]

Hello,

is it the same to have IAU or PHAU etf's?

I live in Europe. It seems the same even with different currencies.

Any problem to have IAU when using a EU-HB-PP ?

Thank you.

[Libertarian666]

It shouldn't matter. Gold is gold, and the price of gold is the same everywhere if you convert the currencies at current foreign-exchange rates; if that were not true, there would be a risk-free arbitrage opportunity, which isn't very likely to say the least.

[frugal]

It shouldn't matter. Gold is gold, and the price of gold is the same everywhere if you convert the currencies at current foreign-exchange rates; if that were not true, there would be a risk-free arbitrage opportunity, which isn't very likely to say the least.

I think you are right.

CRAIG ROWLAND and J.LAWSON agree?

You forgot to write this on your PP book

- page 221-

[LazyInvestor]

Frugal, have you ever managed to implement PP? Are you investing at all?

[frugal]

Of course.
I'm always reading news to implement.

[LazyInvestor]

So, what ETFs do you hold? Can you describe your setup? You have asked lots of questions particular to european investing and I have a feel you might have an optimal setup. Can you please be kind to summarize your findings and what has led you to the particular PP setup that you currently have?