Buying into a gold ETF is one of our top recommendations for 2016, as Money Morning experts remain extremely bullish on gold prices.
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- Buy a Gold ETF in 2015
- Can the GLD ETF Rally Keep Going?
- Gold Investing Myths: What Gold's Critics Don't Get
- What's Behind Gold Prices' Biggest Daily Drop of 2014
- The Best Types of Gold to Buy Now
- Why SPDR Gold Trust ETF (NYSE Arca: GLD) Belongs in Your Portfolio
- New Gold ETF OUNZ Offers Something Different to Investors
- The Winklevoss Bitcoin Trust ETF: Your Questions Answered
- A List of Gold ETFs to Diversify Your Portfolio
At $1,084 per ounce, gold is scraping multiyear lows, down 42% in four years.
And it seems the gold bears dominate the headlines - everywhere you look, each news item seems more negative than the last.
Gold's hard-and-fast tumble below $1,100 an ounce last week means some investors may be tuning out the yellow metal, or suffering from gold "burnout."
But ignoring it is a huge mistake. It has been and always will be one of the best stores of value, and it's a crucial hedge against economic upheaval. It's a must-have holding.
Last Monday's "bear raid" in Shanghai brought gold down to 13-year lows before settling at five-and-a-half year lows, and it's absolutely vital that we know when this downward pressure will stop so that we don't "call a bottom" too quickly.
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.
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.
Gold acts like an insurance policy against geopolitical woes, devalued currencies, deflation, and inflation. It's also a good portfolio diversifier.
Gold prices are low right now, so it's a great time to buy. And of the many ways to add the yellow metal to your portfolio, a gold ETF is a convenient option.
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%.
Gold Investing Myths: Gold prices have fallen for the better part of two years, but that doesn't mean that its detractors have somehow been vindicated.
Gold has often been chided by some who have mischaracterized the allure.
In the right allocations gold is an important part of a healthy portfolio. It can hedge against market crisis and provide returns when other assets underperform.
Gold prices today (Monday) fell sharply by 2.3% for the biggest one-day drop of 2014.
U.S. gold futures for August delivery were down $30.70 at $1,306.70 an ounce - their biggest one-day drop since December. Spot gold fell $33.50 at $1,305.50 an ounce. The sell-off happened quickly following the Comex futures market open in early U.S. trading according to Kitco, suggesting a big sell order hit the futures market at that time.
Investing in gold is a great way to diversify investment portfolios, hedge against a financial crisis, and even protect against inflation. But with so many different types of gold to buy, finding the right gold investment can be a difficult task for retail investors.
Money Morning's Resource Specialist Peter Krauth is a 20-year veteran with special expertise in precious metals.
Gold's late May decline to its lowest levels in four months could mean now is the time to buy shares in SPDR Gold Trust ETF (NYSE Arca: GLD). GLD is down more than 8% since mid-March to a discounted price of $120.65 a share.
That makes the ETF, whose shares have been sought by the likes of world-renowned hedge fund managers, a value buy right now.
A new gold ETF, Merk Gold Trust ETV (NYSE ARCA: OUNZ), was launched on May 16, 2014. It seeks to corner an often-neglected part of the investment market: goldbugs who like to hold onto tangible gold.
One of the best ways to invest in Bitcoin will be via the Winklevoss Bitcoin Trust exchange-traded fund (ETF), which is currently awaiting regulatory approval by the Securities and Exchange Commission (SEC).
Still, because the Winklevoss Bitcoin ETF will be based on a digital currency, there will be some quirks unique to this investment.
Gold prices have been stuck in a tight trading range for weeks, struggling to consistently trade above the key $1,300 an ounce level.
As the yellow metal pushes to climb past the mark, our list of gold ETFs provide options to investors who want to diversify their portfolio, but still target the gold sector.