When is it? What's the easiest way to buy in like a mutual fund?
2007-04-22 06:48:07 · 5 answers · asked by Bill Spry 4 in Business & Finance ➔ Investing
If we could time the market, we would be commodity speculators and own the world shortly. Gold is hard to time and trade.
Gold Mutual funds? I like vgpmx the best.
BGEIX
FSAGX
VGPMX
2007-04-22 07:32:35 · answer #1 · answered by Bali Lover 1 · 0⤊ 0⤋
GLD is one of the better ones and more importantly its an ETF with lower overall expenses than the mutual fund flavors of the commodity.
As for now being the time. I would say no and here is why London Stock exchange has recently offered a commdoity ETF (as has switzerland) in Platinum and other precious metals. If Silver was any indication these metal prices will quickly shoot up but silver went into a very steep nose dive last year (SLV) going below $100 (and well below their inital offering) before climbing back. I would wait for a metal correction before goign back in plus the fact that GLD is almost $4 away from its $72 high last year before taking a nose dive in July.
Patience is a virtue.
2007-04-22 17:18:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you could buy the ETF,, symbol is gld
or several mutual funds
look at yahoo finance and funds and search for gold funds only
2007-04-22 13:51:13 · answer #3 · answered by Jo Blo 6 · 0⤊ 0⤋
i would suggest buying into Silver. Silver is going to have a higher jump in prices than Gold by 2010.
2007-04-22 21:33:18 · answer #4 · answered by Jonathan Agosto 1 · 0⤊ 0⤋
The price of gold seems to be climbing, not dropping, so I'd say yes.
2007-04-22 13:51:11 · answer #5 · answered by WC 7 · 0⤊ 0⤋