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Zecco.com » General Investing » ETF & Mutual Fund Investing » ETF for Gold
Last post 09-21-2008, 4:43 PM by dozybrian. 3 replies.
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  •  08-19-2008, 3:18 PM 35770

    ETF for Gold

    Reply Quote
    Hello,

    Can you suggest ETF for gold beyond GLD.

    Also i am fond of metals, if you know any ETF for copper, aluminum and zinc please share.

    Thanks
    Nitin

  •  08-19-2008, 3:44 PM 35773 in reply to 35770

    Re: ETF for Gold

    Reply Quote

    iShares Gold ETF: IAU

    Freeport McMoran (FCX) is a company that does copper and gold (and molybdenum, too, I think)

    DBP is a precious metals ETF

  •  08-19-2008, 4:14 PM 35777 in reply to 35770

    Re: ETF for Gold

    Reply Quote
    I like DGP for ultra gold (moving up/down almost 2x the rate of GLD).   Also, DZZ is the ultra short if you want to short gold.

  •  09-21-2008, 4:43 PM 39188 in reply to 35770

    Re: ETF for Gold

    Reply Quote
    Before you rush into making a bet on gold (or any other investment for that matter), consider the tax consequences of your action(s). Your capital gains tax rate will be higher with gold, gold bullion, and related products (IRS-defined collectibles, etc).

    E.g. You think that if you buy GLD (gold bullion ETF) at $100/share and sell it for $200/share one year later, you will have a maximum of 15% capital gains tax applied to it? WRONG. Investing in GLD is not like investing in BAC.

    Gold is easier for the average investor to bet on due to much simpler price consideration factors and variables. As for other metals, you should not invest in them (or make bets on them) unless you have some damn good information. Not even institutional funds can intelligently make such bets because of a lack of information; instead they outsource their "thinking" to boutique, specialized firms that know everything about a specific metal or commodity.

    E.g. You think that China's growth rate is sustainable and so they will continue to consume commodities like copper. So you invest in copper. WRONG. There are other, more important factors (i.e. at the micro level) to consider. This is information that you (the average investor) cannot obtain. I know this "sucks" and you feel unimportant and powerless, but if you don't want to lose your shirt, invest in something you understand more. Sure you can make money by betting on/against copper or other hard assets but if you make money, that's pure luck. If you like swinging at the pinata (with a blindfold), by all means, invest in something you don't understand. 

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