What is the best way to invest in Gold without holding physically?
Pl compare with your best option with other options available in gold investment.
Best Answer
2709 points
Oldman answered 11 months ago …
Next do0rr (well across the Australian continent) to you is the Perth Mint, which offers insured certificates for bullion that it holds in your name. the Perth Mint has been around for many years..longer than ETFs and EverBank. I'm not familiar with the tax-cosequences for those in NZ trading commodity ETFs in the overseas markets, or the necessity to register holdings at the NZ exchange.
Still another option is to look at the EverBank site, for gold and or physical metal deposit investments that are also insured vs. loss of capital. These are metal-based CD's.
Answers
164 points
Prudent answered 11 months ago …
Buy SPDR gold shares its an ETF with low fees of 1.5 - 2.5% unlike 10-15 % for purchase of phyical gold .
A better way to play the expected spike is to invest in silver. SLV silver shares ETF
that can get you even better return than gold.
Or you could buy shares of beaten down stocks of gold mining stocks like SA.
115 points
SamCollins answered 11 months ago …
One of my favorite indicators that seems to move in tandem with the actual price of gold is the PHLX Gold/Silver Sector Index (XAU). It trades at a fraction of the price of gold and generally enjoys the same movement.
I also keep tabs on the gold mining and exploration companies. A couple of my favorites are Eldorado Gold (EGO) and Barrick Gold Corp. (ABX).
678 points
BoxCar answered 11 months ago …
Google "ETF: Teardown: The Best Gold Stocks" to learn more about Gold investments
GDX and GLD are two that are posed for a rebound if OPEC cuts production of OIL
116 points
078308674 answered 11 months ago …
Invest in a gold etf such GLD and get the same benefits of physically holding gold.
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