Gold — how to invest
We are interested in investing in gold and would appreciate your opinion on the best way to do so.
Terry Says
There are several ways to purchase gold.
For starters, there’s an ETF (symbol GLD) which closely tracks the price of gold.
Read more about it here: https://www.ssga.com/us/en/intermediary/etfs/spdr-gold-shares-gld
(Full disclosure: I have owned this forever! It’s my favorite way to invest in gold.)
But most mutual fund companies, such as Fidelity and Vanguard offer mutual funds that buy shares in gold mining companies. The advantage is diversification of miners, and perhaps some income from dividends.
And you can buy gold bullion coins at a reputable coin dealer near you. To find one go to the website of the American Numismatic Association — https://www.money.org/
In Chicago, I recommend Harlan J. Berk on N. Clark St. https://www.hjbltd.com/
