Investor Lawyers Blog贵金属投资
Date: June 17, 2013
The attorneys at Shepherd Smith Edward & Kantas are investigating the claims of investors who purchased positions in gold, silver, or other precious metals at the recommendation of their broker or financial adviser. Recently, increasing numbers of brokers have been pushing their clients to invest in precious metals or securities based on precious metals for various reasons, including, representations that such investments are “hedges” against a falling market or simply speculating on the price of precious metals, such as gold. Below is a chart showing the returns of many of the currently available investment options in gold and other precious metals.
| 基金名称 | 股票 | 分享价格 | 1 month | 6个月 | 1年返回 |
| ETFS Phsical Asian Gold Shares ETF | AGOL | 136.52 | -2.30％ | -18.84% | -14.46% |
| 因素2x金牛/S＆P熊ETF | FSG | 9.71 | -4.33％ | -54.84％ | -59.20％ |
| 市场向量矿工ETF | GDX | 28.36 | -1.22% | -38.98％ | -39.56％ |
| 市场矢量黄金矿工初级ETF | GDXJ | 11.32 | -4.47％ | -46.85% | -45.34％ |
| Global X Pure Gold Miners ETF | GGGG | 12.11 | -5.98% | -41.67％ | -45.94% |
| StreetTracks Gold Shares ETF | gld | 134.15 | -2.66％ | -18.27％ | -15.01％ |
| Global X Gold Explorers ETF | gldX | 15.82 | 0.89% | -47.82% | -50.56％ |
| Ultrashort Gold Proshares ETF | GLL | 85.61 | 4.05% | 39.86％ | 24.36% |
| iShares COMEX Gold Trust ETF | 伊族 | 13.48 | -2.67％ | -18.40% | -14.85％ |
| Direxion Daily Gold Miners Bull 3X股票ETF | NUGT | 9.77 | -9.54％ | -81.87% | -84.78％ |
| ETFS物理瑞士黄金分享ETF | Sgol | 136.79 | -2.65％ | -18.42% | -14.91％ |
| RBS Gold Trendpilot ETN | TBAR | 28.07 | 0.11% | -5.49％ | -3.04% |
| the ProShares Ultra Gold ETF | UGL | 56.9 | -5.69％ | -35.10% | -31.15％ |
| iShares MSCI Global Gold Miners Fund | 戒指 | 11.63 | -4.83% | -39.74% | -43.24% |
| Powershares DB基因基金ETF | DBB | 16.76 | -0.59% | -13.79% | -8.37% |
| Powershares DB贵金属基金ETF | DBP | 45.63 | -51.40% | -72.87% | -17.87% |
| ETFS Physical Precious Metal Basket Shares | GLTR | 74.9 | -3.73％ | -21.71％ | -15.96％ |
| Powershares全球黄金和贵金属ETF | PSAU | 22.81 | -3.63％ | -37.56％ | -36.09% |
| the SPDR S&P Metals & Mining ETF | XME | 35.71 | -5.15％ | -19.88% | -9.43％ |
| the ProShares Ultra Silver ETF | AGQ | 21.78 | -11.68% | -56.34％ | -47.99% |
| Powershares DB银基金ETF | DBS | 37.21 | -6.41% | -33.22% | -24.96% |
| Global X Silver Miners ETF | SIL | 13.65 | -1.66% | -41.04% | -31.51% |
| iShares MSCI全球矿工基金 | SLVP | 13.24 | -2.58% | -40.84％ | -31.33％ |
| ETFS Physical Silver Shares ETF | SIVR | 21.81 | -5.71% | -31.61% | -23.26％ |
| iShares Silver Trust ETF | SLV | 21.3 | -5.63% | -31.67％ | -23.44％ |
| Global X Copper Miners ETF | COPX | 9.94 | -6.84% | -25.88% | -10.13％ |
| First Trust ISE Global Copper Index Fund | CU | 22.91 | -5.80% | -24.21％ | -9.87% |
| the ETFS Platinum Physical Shares ETF | pplt | 141.82 | -3.79％ | -10.81% | -3.10％ |
| First Trust ISE Global Platinum Index ETF | PLTM | 11.74 | -2.41％ | -17.38％ | -22.66％ |
The results that these investments have seen over the last year vary tremendously for a number of different reasons. First, while most of the precious metals securities are designed to increase in value as the price of its target precious metal increases, some of them do the exact reverse and increase in value as the price of its target precious metal falls (“inverse funds”). As a result, many of the inverse funds have achieved positive returns over the last year as the price of many precious metals have plummeted. However, if prices rise, these funds could quickly lose value.
其次，其中一些投资是“杠杆化的”，这意味着投资借钱或使用另一种策略使其获得回报大于其所跟踪的贵金属的基础价值的变化。例如，Ultrashort Gold Proshares ETF旨在返回黄金跌落价值的三倍。因此，如果黄金的价格下跌10％，则对该基金的投资将增加约30％。
但是，从更基本的角度来看，这些投资的表现不同，因为它们投资于根本不同的资产。这些投资中的一些通过实际购买金属并将其存储在金属库中，从而获得了黄金或其他一些贵金属。这是基金投资这些资产的最明显和最简单的方法。其他人则不投资于黄金，而是在开采黄金的矿业公司上投资。这些资金理论认为，这些类型的公司应随着其生产产品价值变化的变化而增加或减少价值；即金，银或铜。但是，此分析存在一些缺陷，因为大多数专家都同意，从长时间的角度来看，这些公司的股价不会跟上他们生产的金属的价值。
最后，这些基金（即使不是大多数）通过购买期货合约来获得目标金属的影响。这意味着该基金在将来以固定时间购买购买黄金或其他金属的权利。但是，这些资金没有曾经收集黄金，而是出售其购买黄金的权利，而是购买了新的未来或购买权。这样一来，该基金避免了实际必须处理和处理黄金的费用，同时仍然受到黄金价格变化的价值影响。
最近，基于黄金矿业公司的资金表现出了最贫穷。他们不仅因为黄金的价格下降而失去价值，而且这些公司的股价也遭受了损失，因为全球股票市场一直很弱。但是，除了逆基金以外，这些资金都没有表现良好。其中一项资金是Direxion Daily Gold Miners Bull 3X Entf ETF，在过去的十二个月中损失了其价值的近85％。许多其他人失去了一半或更多的价值。
The moral of the story is that many brokers have been pushing their clients into investing in these or similar securities, without the clients being aware of the fact that these investments can be, and have been, very high risk investments which can end up wiping out an investor’s life savings in a matter of months. If you have invested in these or other investments in precious metals based upon your broker’s recommendation, contact the law firm Shepherd, Smith, Edwards & Kantas LLP for a free evaluation of a potential claim to recover some or all of the investment that you lost. All communications will be kept strictly confidential and you will not be billed in any way for a consultation.