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Home Moneta Blog SPDR GLD vault visit

SPDR GLD vault visit

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CNBC have a fantastic video on the "secret" vault used to store the bullion holding sof the SPDR Gold Trust, known as GLD.

As Pisani says: "quite a collection, heh?"

Not really. for us the video is interesting, but highlights the fungible nature of gold. it is simply a yellow metal indistinguishable form all the other lumps of yellow metal.

Pisani goes on to say:

"what's amazing about this is that when you are in a room for six hours with all that gold, it becomes kind of banal after a while, it is kind of like any other commodity"

We could not have said it better, it is boring having a position of a bar or ingot indistinguishable from every ounce of the other 160,000 Tonnes out there.

Gold coin of Alexander the Great 332-BC

Numismatics however are individually unique and we have yet to meet anybody that has not been in awe of the choices available.

Watch the video here, it really is quite interesting.

CNBC also have some very interesting thoughts on rare coin investments and some great images here.

 

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