Let me explain my reasoning: I presume that when you buy shares of a gold ETF, the value of your investment is tied to a fixed amount of gold. Let's say you invest in a gold ETF the equivalent of 100 grams of gold. Then if the expense ratio is 0.2%, then next year it will be as if you only have 99.8 grams of gold. Eventually after many years, it will be as if you have only a very tiny amount of gold. I understand it would take a long time for this to happen, but if we can't expect it to be profitable in the long term, why should we expect it to be profitable in the short term?
Submitted June 17, 2019 at 07:08PM by trident765 http://bit.ly/2WJJC89
