The SPDR Gold Trust (GLD), the largest of the gold ETFs, also marked a key reversal.
FORBES: FOCUS: Gold Nearing Important Technical Chart Support Levels
The only other consideration for gold ETFs not related to cost is where the metal is stored.
FORBES: FOCUS: Gold ETF Popularity Rebounds; Focus Turns To Costs
He still has a big position in gold and is one of the largest holders of gold ETFs.
"In one of the most volatile days in decades, gold ETFs acquitted themselves admirably, " said Samuel Lee, an ETF analyst at Morningstar.
Assets under gold ETFs had doubled every year since 2007 until 2012.
The surge of interest in gold ETFs has been encouraged by (and may have in turn contributed to) a rise in the bullion price.
Before it was Facebook, it was Apple, gold ETFs, Netflix, General Motors, Worldcom, Enron, or whatever the flavor of the month was at the time.
Additionally, gold miners, unlike the metal or gold ETFs, are able to return cash to shareholders to make shares more valuable and attractive to investors.
Cummans also said for investors who are interested in the options market, the SPDR ETF has more volume and is a better choice over other gold ETFs.
FORBES: FOCUS: Gold ETF Popularity Rebounds; Focus Turns To Costs
Chart Analysis : Whether investing or trading one of the gold ETFs or buying physical gold, it is important to keep an eye on the gold futures.
Then this week, the Chinese securities regulator approved the country's first gold fund designed to invest in overseas-listed gold ETFs, a move analysts interpreted as another bullish sign for gold.
With the ultra-loose monetary policy from the global central banks and the Federal Reserve promising monetary stimulus until the jobs picture in the U.S. improves, investors have been returning to the gold ETFs.
FORBES: FOCUS: Gold ETF Popularity Rebounds; Focus Turns To Costs
Frank Lesh, futures broker at FuturePath Trading, said even with gold prices rebounding this week, at least 10% to15% of gold ETFs are underwater, and those holders are likely to be sellers on any bounces.
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This makes long-term investing in gold ETFs (for one year or longer) subject to a relatively large capital gains tax (maximum rate of 28%, rather than the 15% rate that is applicable to most other long-term capital gains).
Common investing wisdom is that the lower the fees, the better return for the investor, especially if the products are identical, which is pretty much the case for the physically backed gold ETFs, said Michael Johnston, director of ETF Database.
FORBES: FOCUS: Gold ETF Popularity Rebounds; Focus Turns To Costs
While any investor can buy gold or gold ETFs, land is harder to purchase and the combination of a big run in gold and a terrible housing market has created some relative value opportunities in some types of land.
When gold prices rallied in the late summer into early fall, the gold-mining stock ETFs outperformed the gold price, but when gold prices fell, the miner ETFs underperformed, said Christian Magoon, chief executive officer of Magoon Capital, who tracks performance of ETFs, particularly gold ETFs.
In fact, there has since been a wide-array of other gold-type ETFs that have hit the market, like the iShares Gold Trust (NYSEArca: IAU) and the ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL).
Some traders are also buying up the stocks of gold mining companies, like Barrick Gold Corporation and Newmont Mining Corporation , and gold mining ETFs like Market Vectors Gold Miners .
Buy State Street's SPDR Gold Trust or Black- Rock's iShares Gold Trust ETFs.
Though there are signs that the sentiment has turned less bullish now, there are still quite a few analysts recommending gold or gold mining ETFs.
Other gold-oriented ETFs include iShares Comex Gold ( IAU), PowerShares DB Gold ( DGL) and ProShares Ultra Gold ( UGL) Finally, you can invest in a company whose fortunes are tied to the yellow metal.
The risks that gold-focused ETFs have are not seen in gold futures.
For more sophisticated investors, or those with investing capital that exceeds a few hundred dollars, there are significant drawbacks to investing in gold-specific ETFs that go beyond the day-to-day fluctuation of gold prices.
There are five main gold-mining ETFs, with the biggest by assets under management being the Market Vectors Gold Miners ETF (GDX).
The gold futures and widely held gold and silver ETFs made new highs for the year this week as silver continues to lead gold higher.
Gold-backed ETFs can accelerate price declines in the metal as investors cash out, releasing physical gold into the market.
No doubt, the bullion is piling up at the SPDR Gold Shares (GLD), ETFS Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
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