Growing Interest in Gold and Silver ETFs
Growing Interest in Gold and Silver ETFs
With the recent surge in gold prices, financial consumers are turning their attention to alternatives such as gold banking, gold ETFs, and KRX gold accounts instead of physical gold bars. Gold banking offers investment flexibility but comes with a significant tax burden, while KRX gold accounts provide tax exemptions but may encounter the ‘kimchi premium.’ Gold ETFs allow for real-time trading, though physical withdrawal is not an option. Experts highlight a promising outlook for gold while advising caution, recommending that gold should be considered as a component for long-term portfolio investment. Interest in silver ETFs is rising in South Korea, influenced by the preceding gold fever. Domestic investors have made substantial investments in the KODEX Silver Futures (H) ETF, contrasting with the trend in the US market where funds are being pulled from silver ETFs. Significant outflows have been seen from the US iShares Silver Trust (SLV) and ProShares Ultra Silver (AGQ), likely linked to concerns over the impact of a slowing US economy on industrial demand for silver. Conversely, the ProShares UltraShort Silver (ZSL) has experienced minor inflows as inverse products garner attention.
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Is Silver Investment Late to the Game?... Panic Buying in Korea, But Cooling Enthusiasm in the U.S. - Maeil Business NewsIndividual investors in Korea are late to join the 'Silver ETF train', while in the U.S., realization of profit and economic slowdown concerns lead to withdrawal of investments
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Amid Gold Bar Shortage, 'Gold Banking' and 'Gold ETFs' in Spotlight...Realizing Profits Without Physical Gold - EdailyWith the price of 3.75g of gold reaching 600,000 won and causing a shortage of gold bars, financial consumers are turning to other gold investment options. These alternatives, such as gold banking (gold accounts) and gold Exchange-Traded Funds (ETFs) on the Korea Exchange, allow for the realization of profits without physical gold and offer some tax-free benefits.