What are the differences between shared pointers (such as boost::shared_ptr or the new std::shared_ptr) and garbage collection methods (such as those implemented in Java or C#)? The way I understand it, shared pointers keep track of how many times variables points to the resource and will automatically destruct the resource when the count reaches zero. However, my understanding is that the garbage collector also manages memory resources, but requires additional resources to determine if an object is still being referred to and doesn't necessarily destruct the resource immediately.
Am I correct in my assumptions, and are there any other differences between using garbage collectors and shared pointers? Also, why would anyone ever used a garbage collector over a shared pointer if they perform similar tasks but with varying performance figures?