| can any body explain about gold exchange trading funds in detail |
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Slp
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can any body explain about gold exchange trading funds in detail
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Dont
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1) you (the IPO investor) give your money to someone and tell them to buy gold for you
2) they buy gold
3) they charge you a fee to warehouse the gold
4) you sell your stake to someone else
etc.
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Emilio
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Gold ETFs are traded like stock, but instead of representing ownership in stock, they represent ownership of gold. A share of gold ETF (symbol GLD) trades at about 1/10 of the price of gold.
Go to finance and type in GLD in the box for stock symbols and you can read all about it
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