|
Recently, a new ETF (exchange traded fund) has been announced that lets investors buy gold like a stock without having to deal with the commodity market. Sponsored by World Gold Council and marketed by ETF provider State Street Global Markets, the fund is designed to reflect the performance of gold bullion. Each share represents one-tenth of an ounce of gold. The symbol for the fund is gld and it trades on the New York Stock Exchange. Recently with the dollar's fall, many investors have been moving money into gold. Gold is generally seen as a hedge against inflation and a weak dollar.
|
