Current prices offer one of the best chances to buy gold we've seen in a decade. And with governments around the world printing money to support their flailing economies and stock market volatility surging, there's no shortage of reasons to own gold.
But not all gold is created equal - and the same applies to gold investments.
Current prices offer one of the best chances to buy gold we've seen in a decade. And with governments around the world printing money to support their flailing economies and stock market volatility surging, there's no shortage of reasons to own gold.
But not all gold is created equal - and the same applies to gold investments.
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 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 has taken a beating in recent weeks and is now tumbling along at four-year lows of $1,160/ounce.
Frankly, I think that's fantastic news. Today I want to show you my gold investing strategy that's perfect for moments like this. You'll get the two tactics you need as a gold investor, a simple test to determine if you own enough gold, and a look at how to buy it.
The SPDR Gold Trust Exchange-Traded Fund (NYSE Arca: GLD), one of the two major gold ETFs that trade in the United States, dropped more than 1.2% last week, from $124.77 to $123.18.
