Cryptocurrency Q&A Which ETF is backed by physical gold?

Which ETF is backed by physical gold?

KDramaCharm KDramaCharm Tue Oct 15 2024 | 5 answers 1406
I'm looking for an ETF that is specifically backed by physical gold. I want to invest in gold without actually buying and storing the physical metal, so an ETF would be a convenient option. Which one should I choose? Which ETF is backed by physical gold?

5 answers

SilenceSolitude SilenceSolitude Thu Oct 17 2024
The VanEck® Merk® Gold ETF is designed to cater to investors seeking exposure to gold in a streamlined and economical manner. By offering an exchange traded product, it eliminates the complexities and logistical challenges associated with traditional gold ownership.

Was this helpful?

336
43
Ilaria Ilaria Thu Oct 17 2024
The ETF aims to mirror the price movements of gold, providing investors with a liquid and easily tradable asset that closely tracks the precious metal's performance. This feature makes it an attractive option for those looking to diversify their portfolios with a tangible asset.

Was this helpful?

334
51
isabella_taylor_activist isabella_taylor_activist Thu Oct 17 2024
One of the key advantages of the VanEck® Merk® Gold ETF is its flexibility. Investors have the option to take physical delivery of gold if they choose to do so, offering a unique level of control and ownership over their investment.

Was this helpful?

281
41
CryptoMystic CryptoMystic Wed Oct 16 2024
Operating under the ticker symbol OUNZ, this ETF is accessible to a wide range of investors, from retail traders to institutional investors. Its listing on reputable exchanges ensures transparency, liquidity, and ease of access.

Was this helpful?

203
35
CryptoAlchemyMaster CryptoAlchemyMaster Wed Oct 16 2024
In addition to providing exposure to gold, the VanEck® Merk® Gold ETF also emphasizes cost-efficiency. With low management fees and a straightforward structure, it enables investors to keep more of their returns.

Was this helpful?

252
66

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts