GLD vs IAU vs SGOL: Tracking Error and Why It Matters Long-Term
The big three gold ETFs all track spot, but tracking error compounds. Here is how 60 basis points becomes a serious drag over a 20-year hold.
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The big three gold ETFs all track spot, but tracking error compounds. Here is how 60 basis points becomes a serious drag over a 20-year hold.
LBMA Good Delivery bars are the institutional standard for gold trading. Here is what the standard actually requires and why it matters even for retail investors.
Most "vault accounts" are unallocated, which means you are an unsecured creditor of a bank. Allocated storage costs more for a reason.
Harry Browne built a portfolio designed to survive any economic regime. Forty years later, the strategy still works, though the implementation has evolved.
The case for any specific gold allocation should rest on data, not feelings. Here is what 5%, 10%, and 20% gold portfolios actually delivered from 1972 to 2024.
You do not need an XRF machine to spot 95% of counterfeit bullion. A scale, calipers, magnet, and a good ear catch the vast majority of fakes.
Not every gold bar is created equal. Brand reputation, refinery accreditation, and packaging all affect liquidity when it comes time to sell.
A numismatic premium is the price above melt that a coin commands due to rarity, condition, history, or demand. Here is how to evaluate whether a premium is justified.
The Sheldon scale runs from 1 to 70, but the meaningful grading distinctions sit in a much narrower band. Here is what each number really represents.
Pre-1933 US gold coins occupy a strange middle ground between bullion and numismatics. Here is when the premium is justified and when it is just dealer marketing.