# Buying gold vs. staying with CHF
**URL:** https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627
**Category:** Investing / Portfolios
**Created:** [April 11, 2020, 6:33am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627 "2020-04-11T06:33:18Z")
**Posts on this page:** 20
**Page:** 10
### Author:  [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [June 12, 2025, 4:00pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/191 "2025-06-12T16:00:28Z")
Yeah. When I sold AWE.L and got GBP, it was the first time I didn’t immediately convert it to CHF or USD.
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 12, 2025, 4:18pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/192 "2025-06-12T16:18:56Z")
Į think they call themselves distributing because they might sometimes have lending revenues. But yeah there is no revenue as it’s obvious.
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 12, 2025, 4:21pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/193 "2025-06-12T16:21:37Z")
> [@Mirager](#):
>
> Also, @Abs_max welcome to the dark side. You’ll see how nice it is. Next stop: technical analysis and dividends.
Dividends is not dark side , most of my ETFs give dividends and I just reinvest them. The only difference is that I don’t actively seek to maximize my dividends as I am trying to optimise my taxable income.
Regarding technical analysis -: isn’t that only used by traders?
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### Author:  [@Mirager](https://forum.mustachianpost.com/u/Mirager)
#### Post date: [June 12, 2025, 4:23pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/194 "2025-06-12T16:23:48Z")
> [@Abs\_max](#):
>
> Regarding technical analysis -: isn’t that only used by traders?
Sure, so something you don’t intend to hold for long (ie forever) like gold or…cough TQQQ for Mirager…cough it adds a layer of tradery sleaziness to look at coloured lines and feel like a tradah.
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 12, 2025, 4:29pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/195 "2025-06-12T16:29:06Z")
I see
I don’t intend to sell anything I own until I need to rebalance or consume. I guess I will have time to learn the green & red lines and the Fibonacci stuff 😉
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 12, 2025, 4:42pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/196 "2025-06-12T16:42:42Z")
For that train, one needs leverage isn’t it?
By the way -: I don’t quite understand Dalio. His all weather portfolio has so much bonds. But in his interviews he says he doesn’t buy bonds or debt because they are more risk than anything else
Is All Weather not the portfolio which Dalio used to recommend?
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### Author:  [@TeaGhost](https://forum.mustachianpost.com/u/TeaGhost)
#### Post date: [June 12, 2025, 6:52pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/198 "2025-06-12T18:52:58Z")
I think that the idea of all weather was that you took on duration risk, as it was negatively correlated with Shares amd Gold. So yes, All Weather in my view means loads of bonds, but then ideally leveraged at short term rates so that you don‘t have that much remaining bond / nominal exposure, but mainly a bunch of duration risk.
Talking about Gold. I feel that something has fundamentally changed re. gold. We are probably building up a Gold Bubble, that can very well take another 4-8 years to burst (after Trump and once Ukraine was settled in a positive way). But hey, why not. I am in the race (with a modest 2.5% allocation).
No matter how large your gold share, just don‘t forget to periodically re-balance on the way up. No need to do more often than once per year, but I would probably do sell overweights on Gold vs. Your Asset Allocation. Lets all enjoy the ride and see where we end up 🙂
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 12, 2025, 7:18pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/199 "2025-06-12T19:18:17Z")
I was thinking max 5% at any time
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### Author:  [@mabi](https://forum.mustachianpost.com/u/mabi)
#### Post date: [June 12, 2025, 8:13pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/200 "2025-06-12T20:13:25Z")
> [@jay](#):
>
> ZGLD has a 0.40% TER while AUUSI has a 0.23% TER.
Then I wonder why not GLDM instead which has only 0.10% TER?
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 12, 2025, 8:46pm UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/201 "2025-06-12T20:46:10Z")
I was looking for the ones domiciled in Switzerland and trading in CHF (as I bought it in Saxo) and with option to exchange physical bars.
I just saw two of them ZKB & UBS.
I think GLDM is based in US. I think there is also a fund from Invesco (SGLD) which might be cheaper in long run but I try to invest in European ETFs these days to support local 🙂
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### Author:  [@jmp](https://forum.mustachianpost.com/u/jmp)
#### Post date: [June 13, 2025, 8:34am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/202 "2025-06-13T08:34:24Z")
What is your opinion on [Xetra-Gold, DE000A0S9GB0](https://www.justetf.com/en/etf-profile.html?isin=DE000A0S9GB0#overview) ?
It is very large, apparently has 0.00% TER, and a multi-year chart gives it a small performance advantage (in CHF) over several others. Trading in EUR involves exchange fees, but that would be negligible at IBKR…
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### Author:  [@mabi](https://forum.mustachianpost.com/u/mabi)
#### Post date: [June 13, 2025, 8:36am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/203 "2025-06-13T08:36:47Z")
> [@Abs\_max](#):
>
> I think GLDM is based in US. I think there is also a fund from Invesco (SGLD) which might be cheaper in long run but I try to invest in European ETFs these days to support local 🙂
That’s right it’s US and it’s from SPDR. I initially bought AUUSI from UBS but then noticed it is USD and has a higher TER so I thought I don’t want to support UBS which IMHO has lost it’s “Swissness” since quite a while now and has a higher TER so then I though OK let’s simply go for cheap with GLDM as at the end of the day all should be performing the same.
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### Author:  [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [June 13, 2025, 8:40am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/204 "2025-06-13T08:40:54Z")
> [@jmp](#):
>
> It is very large, apparently has 0.00% TER
If I understand correctly, it has an additional “external” custody fee. Although I don’t understand how this suppose to work if you hold it at IB, for example.
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 13, 2025, 8:49am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/205 "2025-06-13T08:49:29Z")
I have no idea what it is.
When I saw Zero- I thought it has to be some sort of derivative
Who sells a product with zero fees 🙂
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### Author:  [@nabalzbhf](https://forum.mustachianpost.com/u/nabalzbhf)
#### Post date: [June 13, 2025, 9:15am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/206 "2025-06-13T09:15:25Z")
They could still make money through eg lending.
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 13, 2025, 9:53am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/207 "2025-06-13T09:53:28Z")
Yeah but if the only way someone makes money is buy loaning out assets, it’s kind of not very safe sounding
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### Author:  [@Mirager](https://forum.mustachianpost.com/u/Mirager)
#### Post date: [June 13, 2025, 10:08am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/208 "2025-06-13T10:08:19Z")
> [@Abs\_max](#):
>
> So I decided to start adding some Gold as replacement of CHF in portfolio.
Not bad timing 😉
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### Author:  [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [June 13, 2025, 10:18am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/209 "2025-06-13T10:18:04Z")
GLD for liquidity.
GLDM is potentially cheaper.
Gold futures are also another alternative.
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### Author:  [@Abs\_max](https://forum.mustachianpost.com/u/Abs_max)
#### Post date: [June 13, 2025, 10:19am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/210 "2025-06-13T10:19:15Z")
I didn’t wish for this though.
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### Author:  [@Mirager](https://forum.mustachianpost.com/u/Mirager)
#### Post date: [June 13, 2025, 10:23am UTC](https://forum.mustachianpost.com/t/buying-gold-vs-staying-with-chf/3627/211 "2025-06-13T10:23:09Z")
You mean gold going up because of bad stuff happening in the world? I agree if that’s what you meant.
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