The turmoil in Europe over whether Greece will be forced out of the Eurozone has been a growing concern for investors as the crisis has worsened in recent weeks.
Sure, politicians and Greece's creditors might find a short-term solution any day now, but we all know what happens when you "kick the can" of debt down the road... the problem usually gets worse.
And if Greece does implode, the trade will be even more profitable...
The turmoil in Europe over whether Greece will be forced out of the Eurozone has been a growing concern for investors as the crisis has worsened in recent weeks.
Sure, politicians and Greece's creditors might find a short-term solution any day now, but we all know what happens when you "kick the can" of debt down the road... the problem usually gets worse.
And if Greece does implode, the trade will be even more profitable...
The SPDR Gold Trust (NYSE Arca: GLD) ETF is the world's largest gold-backed exchange-traded fund. The GLD ETF is a good way for investors to collect some extra gold profits without the hassle of physical gold buying.
And with gold prices forecast to rise over the long term, the GLD ETF will rise as well.
Here's a look at the benefits of buying the GLD ETF...
Gold is on a tear. It's rallied six straight days and headed for a seventh today. Yesterday (March 25) it closed at a three-week high of $1,197 an ounce.
Shares of the SPDR Gold Shares (NYSE: GLD) ETF have also posted gains lately on gold's rise. GLD ETF is up 3% in the past five days, while the Dow has slipped 0.7%.
But can this gold and GLD ETF rally keep going, so investors can profit?
