GLD

[#1]

Can someone advise if GLD is directly linked to the gold price. I am taking a long term view on gold and not sure whether to go for a gold stock like GFI or HAR. If I look at history GLD is not exposed to business risks like mine fatalities etc. Please advise.

[THRESHOLD]

If you are taking a long term view on gold - buy gold (GLD is fine) Otherwise you are taking a long term view on GOLDFIELDS / ASSETS / MANAGEMENT / FRACTIOUS LABOUR / SOUTH AFRICA - POWER, MALEMA ET AL. Surely?

[THRESHOLD]

AND speaking of factious labour - look at the current strikes - unilateral strike action at NORTHAM - can you believe?

[Russ]

I said it on an earlier post-gld much better long term than the miners-just compare their charts over the last few years.Miners ok for trading (up and down)shorter term.

[Esna]

GLD is directly linked to the ZAR gold price. Mines are subjected to strikes, increasing costs, week long closures because of accidents, etc. Forget your long term view: if you buy GLD at support lines and sell at resistance lines you will have a much better return on your money than just buying to keep (for a long term view).