GLD Gold ETF Analysis
Investors consider gold to be a protection against inflation, hyperinflation, deflation, economic instability and pretty much every economic ailment known to man. However, an objective analysis shows that gold lost its mojo in 2011. Since then, the only thing gold has protected investors against is making money. Nevertheless, there is a reason and a time to own gold. Some prefer to own physical gold, others like more liquid vehicles such as gold ETFs. In fact, there are many advantages to owning gold via ETFs.
The ETF industry has made it easier than ever to own gold. “You can buy as much or as little gold as you want with the click of a button,” says Simon Maierhofer, founder of iSPYETF, a market forecasting company that predicts the future price movements of gold. With an ETF you don’t have to worry about storage fees, transportation, or theft. Of course, owning an ETF is not as exciting as holding and actually touching a real gold coin or a gold bar. But, if you don’t have this emotional attachment, you may actually prefer gold ETFs.
The two most popular and most heavily traded gold ETFs are the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU). Their expense ratio (0.25 – 0.40%) is less than half of what the average equity mutual fund charges. But even more important than finding the right gold ETF is spotting the right time to buy. The Profit Radar Report specializes in identifying the best trade setups.
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