No, you cannot wear gold ETF – but if you’re lucky, you can buy some really nice gold jewelry with the profits you make!
First off, a definition, according to Comparing Fashion:
The word ‘ETF gold’ stands for gold exchange traded funds. This is a gold market, just like the stock exchange. This concept was initiated in Toronto, Canada in the early 1990s. The concept was later adopted by the United States of America. Over the passage of years, it has now become a fully developed market of the world.
Gold has always been considered a safe investment, mainly because it’s held its value during economically trying times. There was a time when people owned gold in the form of bars or coins. But of course, there were obvious problems with this – one good thief could wipe out all of your savings!
Gold exchange traded funds is a facility that has only gold as a standard asset. The exchange traded funds do not give substantial gold bars or coins to any person, but the financier is made a component of gold plagiaristic agreement and receives cash equivalent to the market worth of gold at the exacting time. It is comparable to owning shares in a corporation and receiving returns with the enhancement in their market worth. In a Gold ETF, gold is the only article of trade for trading.
Through Gold ETF, people acquire gold not in the physical intelligence but in terms of gold marketplace worth. A straightforward description of Gold ETF is an exchange traded fund that has stocks and finances in gold and trades on the foundation of these resources.
In a Gold EFT, gold is the only commodity for trading. Through Gold EFT, people buy gold not in the physical sense but in terms of gold market value. A simple definition of Gold EFT is an exchange traded fund that has stocks and funds in gold and trades on the basis of these funds.
So is gold a good investment for you? Talk to your financial investor first. In the meantime, check out our site for some gold jewelry which we guarantee will have endless amounts of payoff!
Below: Historical Gold chart is provided by Kitco.com
Chart: Central Fund of Canada