How to invest in Gold in the form of an equity stock?
Question:
Answer:
Yes, there are several gold ETF's. IAU and GLD are two of them that can be traded as you trade equities. You can even use limit orders on them. Just watch the expense ratio. For more information, go to the AMEX web site and look for ETF.
The alternative is to buy a stock of a gold mining company. There are literally dozens of them, some of the more popular ones being RGLD, ASA, NEM, AUY, GG.
Not familiar with equity stocks but several mutuals available. Check "Midas Fund". Do your research! Any good brokerage house will give you advice.
Be careful!! Gold has never been higher priced.
If you want to get into investing in gold, check out a fund such as Fidelity Select Gold Portfolio. That way you are diversified, and less likely to take a big hit if one stock goes bad.
You can see what gold stocks are their top 10 holdings at the funds web page.
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