Q: What is the smartest way to invest in gold and possibly silver?
Thanks, James
Thanks, James
5i Research Answer:
Generally, the choice comes down to whether an investor wants to own stocks or bullion. We will assume the question relates to bullion. As such, we prefer an ETF. Owning gold/silver oneself gets into all sorts of logistical, storage and security issues. We prefer low cost physical ETFs, such as PHYS for gold and PSLV for silver. These ETFs allow conversion of units into gold (at mimimum amounts) which ensures NAV remains close to the value of the actual metal held by the trust.