Have Macquarie Bank and State Street Global Advisors discovered a rich new vein of investment gold to mine for years? Will individual investors get any of it? Is this another goldmine for individual investors or is this another selective reading of market history for naive performance chasing individual investors?
Frankly, The Skilled Investor thinks that this just another case study of how the securities industry manufactures new products and new broker / investment advisor demand. In turn, these new asset classes are used as bait to capture the assets of individual investors who naively chase historical performance. Only time will tell.
Instead of giving all you gold to the financial industry you could just put your money into American Eagle Gold Coins!
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