While other exchange traded gold products had outflows for several months, OUNZ – we refer to the VanEck Merk Gold ETF by its ticker symbol – bucked the trend, gathering more gold. I created OUNZ in 2014 in response to criticism in the blogosphere about the large exchange traded gold products then in the market. Recently, the gold held by OUNZ exceeded US$1 billion – I couldn’t be prouder of my team and our relationship with VanEck. Let me explain why OUNZ is different and, in my humble, admittedly biased opinion, a better way to hold gold.
Ultimately, the beauty of physical gold is that it doesn’t have counter-party risk; except, you introduce risk the moment you touch it. Even when you buy a gold coin, you introduce counter-party risk, namely yourself as you could lose it. And once you own the physical coin, you may worry about theft. For smaller gold…
