Do you want to invest in gold? Many people think about investing in gold, but eventually decided not to. Why is this? Perhaps it’s because many people don’t know how easy it is to do. Gold investing doesn’t mean you need to rent a truck and start hauling in gold bars into your basement.
Nope. Gold investing is as simple as buying an exchange traded fund that specializes in gold investments. What’s an exchange traded fund you ask? Simply put, it’s a fund that trades just like a stock. You pick an ETF as you would a stock and then purchase shares.
For instance, last year on my financial investing site, I informed my visitors about an ETF that specialized in gold (Symbol: GLD). Over the next 12 months, that exchange traded fund went up about 50%. So without getting your hands dirty, you could have invested in gold, via your online stockbroker, with the click of a mouse.
There are many ETFs for gold investing. Another one I shared that hot day in July has increased about 50% in 12 months. So while the market was going nuts, gold investors via these exchange traded funds were playing it cool.
If you want to invest in gold and have an account with a broker, it’s easier than ever before. As always, do your research before investing in anything. And if you’re interested in investing in sectors, such as oil & gas, there are ETFs for that as well. Wall Street abounds with profitable options for the savvy investor.