Gold has long been considered a safe investment, and with economic uncertainty on the rise, many investors are turning to gold to protect their portfolios. But how do you go about buying gold for investment? In this guide, we'll explore the different ways to invest in gold, from exchange-traded funds (ETFs) to purchasing physical gold.
ETFs and Mutual Funds Exchange-traded funds (ETFs) and mutual funds are both pooled investment funds that provide easy access to the gold market. There's no need to purchase physical gold with these options, as the funds invest in gold on your behalf. ETFs and mutual funds are often the easiest way to invest in gold, and they offer several benefits.
How to Buy a Gold ETF Investors buy and sell gold ETFs through a brokerage — either online or in person. ETFs charge fees, but they tend to be lower than those associated with mutual funds. When investing in a gold ETF, it's important to consider the fund's expense ratio, which is the annual fee charged by the fund.