Symbol --- IAU iShares Gold Trust
This etf seeks to mimic the price movement of gold bullion. The etf stockpiles bullion to cover the price.
Reasons why I like this ETF
Price: Today's price 17.34 This ETF is much more affordable than an ounce of gold.
Trading volume 6,469,863 shares. Means there is a ready market if and when you need to sell.
This would be a very liquid way to allocate part of a portfolio into gold without the headache of dealing with gold bars.
With that said I want to make clear that in any post on this blog, at any time, I am in no way recommending any sort of investment to anyone. I'm simply discussing what investments I invest in or find interesting. I will not be responsible for anyone's investment results except for my own. It seems like half the time when I buy a stock it goes way down before it goes back up and makes money. I have learned to buy even more as it continues to go down, so that I make even more money on the way up.
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