I bought a physical gold and physical silver ETC ( exchange traded commodity) a few months back, these funds store the physical commodity in a vault in London, so I reckoned it was a good proxy to owning the physical metals.
I sold half a few weeks ago and the remainder last week.
I've set up limit buy orders at about 15%-20% below the recent peaks, maybe I can buy back again if this current surge reverts to something like the mean.
I think there will be a place for owning them in the coming years, but this run saw me with 30% and 22% profit on silver and gold respectively, so, I banked the profits :-)
Now I am waiting for my broker (AJ Bell) to catch up with the recent change in the UK law on Oct 8th, which allows "retail" investors to buy Bitcoin ETC's (exchange traded contracts). I have my eye on the Wisdom Tree Physical Bitcoin GBP ETC. "Physical Bitcoin" sounds a bit odd, but it just means they have BTC in verified custody to back the fund.
Can't come soon enough, I want BTC in my ISA and SIPP ( tax free wrappers) and the SIPP being a pension product will add 25% to any cash I put in, the downside is it is locked away until retirement ( and that's a good thing too!), The ISA is also 100% tax free, but instant access, no tax back bonus on entry though :-)
Good luck with your ETF's , it's nice to have some diversity and protection against currency devaluation
Nice profits you made here mate. good going. Thanks. I am just geeting started here.. let us see how far I go..right now the focus is to buy at every sharp dip. cheers
Happy Hunting !!!