Is Gold ETF a Mutual Fund or Pure Gold in demat form?
Amit asked:
When I invest in Gold ETF, am I investing in Mutual Fund or am I investing in Gold?
I want to invest in Gold (preferably without taking physical delivery), so is there any company offering that kind of service?
If I invest in Gold ETF, the company-where I invested, trades Gold during my investment period or just buys and stores Gold on my behalf?
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Sphere: Related ContentWhen I invest in Gold ETF, am I investing in Mutual Fund or am I investing in Gold?
I want to invest in Gold (preferably without taking physical delivery), so is there any company offering that kind of service?
If I invest in Gold ETF, the company-where I invested, trades Gold during my investment period or just buys and stores Gold on my behalf?
Custom rims wholesale…instantly.
March 2nd, 2010 at 6:26 pm
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Different gold ETFs have different policies and procedures. Here are my favorites, CEF and GTU:
These companies periodically buy gold and silver and store it in a vault. The amounts of the metals are periodically audited. They buy in large bar form, as this the most economical.
Some of the other gold funds have very complicated prospectus language, that has caused some investors to doubt whether they own actual gold, but instead just own gold certificates, or “promises” to provide gold.
March 3rd, 2010 at 5:37 am
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When you invest in Gold ETFs you are investing in Gold in demat form.
Gold BeES by Benchmark are intended to offer investors a means of participating in the Gold Bullion Market without the necessity of taking physical delivery of the gold.
You can call Benchmark on their toll free line 1800-22-5079 for further queries.