Van Eck International Investors Gold
If you want another rock-solid gold investment, consider the Van Eck International Investors Gold Fund (MUTF:IIGCX). Manager Joe Foster actually is a geologist by training, so this is the perfect way to play gold mining from a boots-on-the-ground production standpoint instead of a Wall Street speculation standpoint. This can be especially helpful when investing in early-stage gold companies.
Foster’s track record has been sturdy. The fund has produced average annual returns of 18% in the past three years and 9% in the past five — though admittedly, performance lately has been ugly as miners and gold have fallen out of favor. The fund is 33% in the red during the past year. It’s also worth noting the expense ratio is hefty, coming to about 2%.
But if you’re a speculator looking for the next company to cash in on a big gold rush, Van Eck’s gold fund might be the right choice for you.