Exchange Traded Funds | Jul 10, 2007 | 2 Comments

Investing in Gold with Exchange Traded Funds

If investing directly in gold isn’t an option for you, look to Exchange Traded Funds. On Wall Street, there are five ETFs that are gold investing oriented.

The one I like is streetTRACKS Gold Trust (Symbol: GLD). This ETF is a way to invest in gold and trade it like a stock.

Of the five I reviewed, GLD is the strongest and has the most potential. All five gold-oriented ETFs I looked at lost money in the past month, but GLD only lost 1.33% and it’s been coming back over the past week.

The Fund (GLD) is designed to be an effective investment vehicle for investors who want a cost-effective way to invest in gold bullion.

GLD has grown by 4.2% in 2007 and 2.04% over the past 12 months. StreetTRACKS Gold Trust has $9.92 billion in total net assets.

Traded on the New York Stock Exchange (NYSE), GLD closed at $65.61 on Tuesday, July 10, 2007. It’s sitting just off its 52-week high of $68.73 and comfortably off its 52-week low of $55.55.

Other Gold Exchange Traded Funds

Here are four other gold-oriented Exchange Traded Funds.

  1. Ishares Comex Gold Trust (Symbol: IAU) $975.7 million in assets.
  2. Market Vectors Gold Miners (Symbol: GDX) $611 million in assets.
  3. Powershares Db Gold Fund (Symbol: DGL) $20.9 million in assets.
  4. Powershares Db Precious Metals Fund (Symbol: DBP) $15.7 million in assets.

Bottom line, if you want to peg some of your assets to gold without going directly through the gold bullion market, one of these Exchange Traded Funds—especially GLD—might be the right move for you.

Note: If you’re not familiar with Exchange Traded Funds, check out the introduction article I wrote about them.

Author: Jason A. Martin

My name is Jason A. Martin. I'm an investor/trader, financial writer and entrepreneur. This is my blog. I also run a social media integration & cross-media design company. If you'd like to follow me on twitter, here's the link: Jason A. Martin

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2 Comments

Sir,

We are one of the leading business group now mostly stationed in Kabul, Afghanistan. One of our business associates would like invest huge sum in GOLD.

They would like to buy a huge quantity of GOLD minimum 3-4 tons in various times. We need your guidence immediately, how to buy GOLD, from where, and which Bank, or Which dealer.

An immediate response in this regard will be highly appreciated.

With high regards

Gireesh Kumar
Manager (Operations)
JSS Limited
Kabul, Afghanistan
MOBILE: 0093-795524631
E Mail: gireesh.kumar70@gmail.com

Gireesh Kumar

5/21/2008

I have been looking to invest in Gold for a very long time but just keep on missing the boat. I am waiting for gold to reach $850 and then jump in.

Thanks for the above article.

Perfume Oils

3/28/2009

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