#6 - SPDR Gold Shares ETF (NYSEARCA:GLD)
If buying physical gold isn’t your thing, but mining stocks also lack appeal, the SPDR Gold Shares ETF (NYSEARCA: GLD) may offer a nice compromise. Two concerns about holding physical gold are the need to store and insure it. The GLD ETF holds physical gold bullion and each share of the company represents a fractional interest in gold assets.
The fund says it’s the first U.S.-traded gold ETF and the first one listed in the U.S. to be backed by a physical asset. Its objective is simply to mirror the performance of the underlying metal. As of October 2024, the GLD ETF is up 32%, which is on par with gold’s performance this year.
Of course, when gold is underperforming so will the stock, which means the fund carries a level of risk that is not for every investor. But the fund allows investors to manage that risk with the ability to buy on margin, through using limit or stop order, or even to short sell their shares.
About SPDR Gold Shares
SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust's business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).
Read More - Current Price
- $236.59
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
