The hard part is choosing which investing medium is right for you. For investors looking for exposure to the price of gold but don’t want the excess risk or leverage provided by mining companies, and don’t want to spend money on storage costs for gold coins, buying into an ETF like GLD could be the way to go.
This is perhaps the single simplest way for any investor to add a position in gold, either as a hedge, or as a pure play investment in the yellow precious metal. For any semi-passive investor like myself who is seeking some exposure as a hedge, but honestly doesn’t want to spend the time researching gold mining firms to find the best fit, GLD is a great option.
This is a highly liquid fund, allowing investors to easily move their gold into cash almost instantaneously, something that is not easy to do with physical bullion, and does not require storage.