Query by Solution Me: Which stocks or ETFs are linked to the value of gold?
I know that the stocks/ETFs UNG and GAZ are tied into the cost of organic gasoline but supposing I have a stock trading account but no commodities like forex, gold, oil and so forth. Is there a way I can bet on the cost of gold and the price tag of oil through a stock rather than getting to open a forex account?
Response by Matthew M
Yes there is, you do not have to open a foreign exchange account – the ETF that track the value of gold is ‘GETF’. Search for it on Yahoo’s ETF segment in the finance webpage.
Know much better? Leave your very own response in the remarks!Tags: ETFs, Gold, linked, Price, Stocks