With the dollar in decline, gold exchange traded funds (ETFs) are looking, well, like a golden investment opportunity. Gold is generally considered a safe, solid and sturdy investment whenever the dollar’s value decreases. Also, with the markets as crazy as they are lately, it becomes even more attractive, says Jim Wiandt for Index Universe.
For those looking to invest in gold ETFs, a few options are available:
- streetTracks Gold Shares Fund (GLD) – up 5.4% year-to-date
- iShares Comex Gold Trust (IAU) – up 4.8% year-to-date
- PowerShares DB Gold (DGL) – down 0.6% for the last three months as it was launched in early 2007. It invests in gold futures not the bullion.
- Market Vectors Gold Miners ETF (GDX) – down 4.7% year-to-date
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.