Can someone explain to someone who doesn't know the first thing about economics/stocks how to invest in gold?

I have been hearing this on the radio for about 5 years.

The easy way is to buy an ETF that mimmics the price of gold exactly. It avoids all security issues of owning the bullion directly. The ticker is GLD.

Having said that, gold has been a historically bad investment. Today it is reaching all time highs, yes, but viewed in the long run, savings accounts would have done better than gold.

That you are interested at a time when it is reaching all time highs should serve as a warning... enthusiasm is greatest just before a crash.

Thanks for the rating. You should ask another question if there continues to be confusion on this. I cannot tell from your comment what may be confusing for you. Report It

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