What’s a good way to invest in gold other than gold mining stocks?
rickg155 asked:
Not the physical stuff itself…
Some sort of an ETF that tracks the price of gold.
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Not the physical stuff itself…
Some sort of an ETF that tracks the price of gold.
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Central Fund of Canada (American Stock Exchange:CEF) holds nothing but gold and silver bullion so you get exposure to the physical, and you don’t have to worry about storage/delivery/insurance. An ETF that hold gold is the iShares Comex Gold Trust, symbol IAU. Another ETF is GLD.
An ETF fund is good – check out this site for some ideas:
I would suggest that you also buy some gold shares. Some of the South African mine shares are well overdue for a run as they have been lagging the gold price for a while. DROOY is my favorite but there are a few others also listed in the US and UK.
Look at the symbol GLD, it is an gold ETF.