How to Invest in Gold

THINKING OF BUYING GOLD VIA AN ETF ?

Ten years ago, few private investors had heard of exchange traded funds (ETFs). State Street in the US launched the first ones in 1993. Over the last few years ETFs popularity has grown. There are currently over 600 available worldwide.   

What are exchange traded funds?   

ETFs, are funds that issue shares to investors. An ETF tracks an equity index, currency, sector or commodity in the case of gold.

ETF’s charge a fee annually, usually around 1% .  On many UK ETFs you don’t normally pay 0.5% stamp duty on the purchase price. You can also put some into an ISA or SIPP   

Exchange traded funds  Risks

You may not always achieve the performance of the asset that you have invested in.

ETFs can usually be bought in several currencies but some are only in US Dollars therefore there could be losses due to the exchange rate.

You need to be aware of the bid-to-offer spreads.  The difference between the buying and selling price.

Exchange-traded funds: what is available?

There are a wide range of Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs) from, various providers.

Gold Exchange traded funds

Popular gold and silver ETF’s which are available in pounds sterling are LSE:PHGP and LSE:PHSP .

Some ETF providers are:     

Barclays iShares, Deutsche Bank, ETFsecurities, ProShares, State Street (SPDR)

Socgen Lyxor, PowerShares, Rydex Investments.

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