SPDR Gold Shares
As mentioned above, the SPDR Gold Shares (NYSE:GLD) has been a popular fund as of late.
That’s partially because of how easy it makes it to own gold.
Traditionally, an investor interested in gold would have to worry about finding a seller for physical bullion, then finding secure storage and buying insurance, and later finding a buyer. However, SPDR Gold Shares holds roughly physical gold in trust in London vaults — right now it has roughly $74 billion in gold — so investors simply can trade physically backed gold by purchasing shares of the ETF, which tracks the price of a tenth an ounce of gold.
GLD also has the advantage of a low-cost structure, translating into just 0.4% in expenses.
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