Gold ETF Funds
The Gold ETF Funds or Gold exchange traded funds was established to help track the price of gold on the major trading markets around the world. This was first conceived back in 2002 but was not launched onto the markets until 2003 out of Australia. Since that time numerous countries have listed gold stocks on the different markets around the world.
For the American market there are four major funds. The State Streets Street Track Gold Shares is listed as GLD on the NYSE and is the oldest of these funds and was launched in 2004. Since that beginning it has accumulated over $10 billion in assets. This fund is one of the two that actually physically holds the gold.
The iShare Comex Gold Trust is listed as IAU on the AMEX. This was first launched in 2005. This fund has $960 million in assets and like the GLD, it physically hold the gold. There is a custodian that actually holds the gold and this stock is not registered as an investment company.
The Amex Gold Miners Index is a combination of 38 different stocks that does not hold the gold physically. It has $624 million in assets. It is listed on the AMEX as GDX.
The last one invests in gold futures. This is the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold Excess Return. It is listed as DGL on the AMEX. There is $22 million in assets.
For gold investing by American, these are the four major players of Gold ETF Funds. They are the alternative to holding gold you’re self
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