Can you invest in gold without actually buying physical gold? Can you buy a “stock” on the price of gold?
Jude L asked:
I know you can invest in gold companies but I want to know if you can buy a security that is always alued at the current market price of gold(or proportionnal to it).
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I know you can invest in gold companies but I want to know if you can buy a security that is always alued at the current market price of gold(or proportionnal to it).
Thanks a lot
June 1st, 2010 at 2:28 pm
yes, it would be called gold index.
Here is the wiki entry on them (& other ways to invest in gold):
Be careful if you actually invest - there are plenty of scams out there, so read some independent articles to get an idea of who the reliable players are. Bored Goblin
June 4th, 2010 at 6:37 pm
Yup, there are plenty of gold ETFs (Exchange Traded Funds) out there, like. This is actually much better than buying physical gold, as most places that will try to sell you gold are ripoffs. David D
June 6th, 2010 at 10:14 pm
ETFs, Gold Futures, and Gold Indexes,
Traded on the London Metals Exchange, Chicago Mercantile, and Dubai Exchange. the long shot