With the high vulnerability of how paper money is turning out to be, it is no wonder why more and more folks are investigating in gold. It makes sense that these people are looking deep in the cracks to completely make sure that this is a good option for them. Gold has always been seen [...]
Gold Stocks
Gold stocks are a fairly popular way of keeping and investing in gold without the hassle of physically owning the metals in your home or at a bank. However, investing just in gold stock is not always good. It should be noted that it is often a good idea to invest in both gold stock and gold coins to keep an even balance. Some might recommend that you buy more gold coins than gold stock, but this option is entirely up to you and your needs. A good rule of thumb when you are considering to invest in gold stocks is to trade or invest no more than 20% of your money.
There are three types of gold stocks on the market to this date. The most commonly traded ETF is the SPDR Gold Shares. It is also referred to as (GLD). (GLD) saw a huge spike when the U.S economy started to decline and when Europe starting to scare people with their dominant debts. People simply felt that their money was safer when investing in a commodity that has been around for thousands of years.
iShares Comex Gold Trust (IAU) is the cheapest ETF currently and has a sponsor’s fee of 0.25%. They store their gold in Toronto, New York, and London.
The third gold stock on the market right now is by far the newest of the two mentioned above. ETFS Gold Trust (SGOL) started in late 2009. They give investors the chance to invest in different types of gold.
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