Question by Jude L: Can you invest in gold without actually buying physical gold? Can you buy a ?stock? on the price of gold?
I know you can invest in gold companies but I want to know if you can buy a security that is always alued at the current market price of gold(or proportionnal to it).
Thanks a lot
Best answer:
yes, it would be called gold index.
Here is the wiki entry on them (& other ways to invest in gold):
http://en.wikipedia.org/wiki/Gold_as_an_investment#Investment_vehicles
Be careful if you actually invest ? there are plenty of scams out there, so read some independent articles to get an idea of who the reliable players are.
What do you think? Answer below!
More Gold Investment Trading Report posts:
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- Q&A: is it advisable to buy gold mutual fund rather than physical gold?
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