Owning gold without owning any gold


J

John Redman

If I want to be exposed to the price of gold but don't want to actually buy
any, what is the best way? Are there any funds that hold gold in which I can
buy units?
 
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P

Pollux

If I want to be exposed to the price of gold but don't want to actually buy
any, what is the best way? Are there any funds that hold gold in which I can
buy units?
There is n ETF (Exchange Traded Fund) called streetTRACKS Gold Shares
trading on the New York Stock Exchange which tracks the spot price of
gold. I would think something similar would exist in the UK. Another
solution would be to own shares in Gold Mining companies.
 
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T

T.

John said:
If I want to be exposed to the price of gold but don't want to actually buy
any, what is the best way? Are there any funds that hold gold in which I can
buy units?
A spread bet or CFD, or whatever it is, on it.
 

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