LONDON, 11 May 2015 – Mutual fund specialists MorningStar today highlight BullionVault as a low-cost way for investors to buy and store physical gold.
Published on MorningStar.ca, "There's an array of choices, and costs, to consider," says the report, before comparing several of the exchange-traded trust funds available to Canadian investors.
Investing wanting to buy and own physical metal instead should note "there are additional costs in the form of storage and insurance," it explains, saying that charges at BullionVault "equate to 0.32% a year...on the typical user's gold holding" if you hold your gold for 5 years.
"Annual storage fees of some companies could range from 0.50% to as much as 1.5% of the asset's value. Rental of a safe deposit box at a bank branch can range from $50 to more than $400 annually. All these costs add up and must be factored in to calculate the final cost of ownership."
See the full story here:
