Exposure to Gold

[croker]

Anyone know how to get exposure to gold in a pension or if it's possible?
I'm with New Ireland and they have various fund types that i can allocate a % of my pension into but i can't see any directly linked to Gold. I just want a small exposure to it to hedge against incompentent fund management. thanks.

 

[LDFerguson]

A Gold ETF via a self-directed pension would be one way.

 

[george.shaw]

Yeah smart to put gold in a pension as has inverse correlation to equities and bonds and thus a good diversification for the long term. Not sure if ETF's are the best way due to the charges - broker fees, stamp duty and most importantly annual charges of 0.5% per annum.
The annual charge is painful when compounded and invested for long term as pensions are, the annual charge really adds up. PMCP is safer (AAA rated) and more cost effective in long term than ETFs. ETFs best for speculation and short term punt short or long bit not for long term passive investor.

 

[Dave Vanian]

Hoes does one gain access to PMCP through a pension here in Ireland?

 

[george.shaw]

Can do through Acumen and Trust Wealth Management and some of the more enlightened financial intermediaries/ investment providers.