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Are Exchange-Traded Products Best for Gold Investing?

By    |   Thursday, 23 July 2015 03:26 PM

Are exchange-traded products best for gold investing? The answer depends on your financial situation and what you hope to accomplish.

For some, the best move might be to invest in physical gold by purchasing gold bars, coins or jewelry. That option generally involves storing the gold in a safe deposit bank at your bank or in a safe at your home, said Gold Investment Guide, which recommends gold coins or jewelry for beginning gold investors because they involve small amounts of the precious metal.

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Still, setting up a brokerage account involving an exchange-traded fund is a common way to invest in gold. That option is the easiest and fastest way of buying and selling gold, and enables the owner to manage his or her gold like buying and selling a stock, Gold Investment Guide said.

Investing in gold ETFs is probably the easiest and best way to invest in gold, according to Seeking Alpha. These mutual funds trade on a stock exchange and have a fixed portfolio. The two gold ETFs that trade in the United States — streetTRACKS Gold Trust and iShares COMEX Gold Trust — both hold gold bullion as their only asset, Daily Reckoning said.

Investing in gold mutual funds also provides a helpful alternative to investing in physical gold, Daily Reckoning said. Such funds hold portfolios of stocks of companies that mine for and sell gold and tend to invest in established companies, offering a more moderate or conservative play for investors than picking up cheap shares in fairly young companies.

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Are exchange-traded products best for gold investing? The answer depends on your financial situation and what you hope to accomplish.
gold, exchange-traded, products, investing
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2015-26-23
Thursday, 23 July 2015 03:26 PM
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