2007-06-20 05:22:59 · 8 answers · asked by Paul E 1 in Business & Finance ➔ Investing
A more important question is WHY would a person buy gold when its price is at or near historic highs? Good time to buy gold is when it is below $350/ounce...
2007-06-20 07:16:25 · answer #1 · answered by NC 7 · 1⤊ 0⤋
You buy gold on the commodity market, not the stock market. You can buy companies that deal with gold on the stock market. Gold is NOT near its high, it have been beaten down over the last year. Could make another small push up with the weak dollar.
2007-06-20 10:42:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes GLD is an excellent ETF, if you directly want to invest in gold, also some good gold mining companies are GG, NEM, AUY... you might get a better return from the companies but are a little more risky. Good luck.
2007-06-20 05:51:32 · answer #3 · answered by back to haunt u 3 · 0⤊ 0⤋
GLD
like a stock.. its the Streettracks Gold Trust.
trades at 1/10th of the price per ounce.
2007-06-20 05:41:34 · answer #4 · answered by Ryan S 3 · 0⤊ 0⤋
Gold fluctuates greatly. It rockets up, and plummets down. If you invest in gold, gold mining stocks or anything connected with gold, you should watch it very carefully to avoid losing money.
2007-06-20 07:15:44 · answer #5 · answered by Richard E 4 · 0⤊ 0⤋
IAU is a good ETF also, check out morningstar.com and compare the expense ratios between the two ETF's. Other than that they should trade in tandem. EGO would be my spec play on a gold company.
2007-06-20 06:24:49 · answer #6 · answered by Joel CA 1 · 0⤊ 0⤋
Keep in mind with these ETF's you are effectively buying a mutual fund and will be charged management fees. The alternative is to buy futures contracts on the commodity exchanges.
2007-06-20 06:27:56 · answer #7 · answered by Cabe_Merah 1 · 0⤊ 0⤋
You can get them yourself on Yahoo finance.
2016-05-20 22:08:28 · answer #8 · answered by ? 3 · 0⤊ 0⤋