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Gold-Backed Funds or Stocks: Indirect ownership, such as ETFs (e.g., GLD) or mining stocks, avoids the complications of physical storage while still providing exposure to gold's price movements.
Most physical gold, including 1-ounce gold bars, qualifies as highly liquid assets, though they may not be as immediately convertible to cash as stocks or bonds traded on major exchanges.
Sterling-denominated gold outperformed as the pound sank to a 10-month low versus the dollar, and was up 0.8 percent at 784.96 pounds an ounce at 1022 GMT. (1 US dollar = 0.6204 British pound) ...
They provide liquidity and ease of trade without the complexities associated with physical gold ownership. In today’s roundup, I'll review all the major gold bullion ETFs available today.
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