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Which Gold ETF/Stock?

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Frankieplus

Joined
4 April 2014
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Since it's on the way up I want to buy into gold, but not sure which ETF or Stock I should consider.

Does it even matter which ETF or stock I buy so long as it's gold? Gold is Gold right? Or wrong?

I was thinking "SPDR GOLD TRUST GOLD SHARES" on the NYSE, would this do?

Or is there another ETF or stock that some of you would recommend instead?


Thanks


-Frank
 
hey
when peeps say nyse then i am a little unsure what they wish to get out of a forum .... but anyway ..... if u r talking short term easy access unhedged aussie as a hedge punt for urself then u can trade GOLD thru ur usual broker account (with normal T+2 contracts and brokerage etc) ...... that is a code btw. The usual caveats surrounding ETF trading will apply to that stock though.
 
If you want an ASX traded gold etf with a currency hedge (so as to remove effects of currency fluctuations) than QAU is another one.
 
quite bizarre (but not really): Chart for the last six months. Metal holding up; miners getting hammered (index funds selling, margin calls, etc?)

PMGOLD (red) is Perth Mint Gold in AUD (And overlays GOLD Physical Gold ETF)
XGD (purple) is All Ords Gold Miners ETF
GDX (blue) is van Eyck Gold Miners ETF (US, Canadian + Aust miners)

 
Very nice day for a few of these gold stocks, and still some upside left for most of them



 
@Frankieplus I trade options on GLD (NYSE) and if Aus$ is going up I take a position in FXA. Right now I'm in the green on both of these, they are both good for trading options.
 
DaveTrade said:
@Frankieplus I trade options on GLD (NYSE) and if Aus$ is going up I take a position in FXA. Right now I'm in the green on both of these, they are both good for trading options.
Click to expand...
@Frankieplus I forgot to mention that if you're looking for a less expensive alternative to GLD then you can trade IAU (NYSE). GLD is currently trading at us$216.50 while IAU is at us$44.23, IAU is also good for options.
 
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