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New Gold ETF (GLD)

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niemand
Contributor
Presumably, you are buying into the actual gold via the ETF. Presumably, this will mirror the gold price movements. Are these presumptions correct? What are the risks?
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1 REPLY 1
SimonPB
Valued Contributor
they actually have the real gold at rand refinary and then they work out the current vaule in rands and that is fair value. They then buy and sell either side of the fair value. Think it updates the price every 15 seconds, if needed.
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