24.10.2011 - Hesitant to buy physical gold? Hold it in an ETF
With festival season around the corner, it is not just the jewellers who are encouraging customers to buy gold during this time. Stock-broking companies, too, are offering special discounts and offers for those buying and trading in gold. For those who are not interested in buying gold in the physical form, gold exchange-traded funds (ETFs) are attractive options. Here is more on what you need to know about gold ETFs. How it works: Gold ETFs are like mutual funds that track a specific sector or commodities. Gold ETFs track the prices of gold and the value of the funds is dependent on the price movement of gold. Each gold ETF unit is almost equal to 1 gm of gold. These units are traded on the exchanges like stocks of companies. Gold ETFs can be purchased and traded online.............................................Full Article: Source