Best gold ETF to buy now

Top 7 Gold ETFs To Invest In

With so many gold ETFs on the market, choosing the best for you can be challenging. Fortunately, Wall Street analysts and other experts have worked for you and identified the top 7 gold ETFs to invest in.

When choosing a gold ETF, cost should be the first consideration. Many of these funds charge hefty fees, so it's important to compare the expense ratios of each fund to ensure you're getting the best value.

7 of the best gold ETFs are:

1. The SPDR Gold Shares (GLD)

The SPDR Gold Shares are also one of the most liquid gold ETFs on the market. It trades on the New York Stock Exchange and has an average daily trading volume of more than five million shares. This makes it easier for investors to buy or sell shares. Additionally, the fund has an expense ratio of 0.40%, lower than other gold ETFs.

This fund offers low expenses, making it a good choice for those looking to save on costs. GLD also offers exposure to gold bullion with minimal tracking error, which is important when investing in gold ETFs.

2. The VanEck Vectors Gold Miners ETF (GDX)

When it comes to gold ETFs, the VanEck Vectors Junior Gold Miners ETF (GDXJ) is one of the best gold ETFs to buy now. GDX tracks the MVIS Global Junior Gold Miners Index, which consists of small- and mid-cap companies involved in gold exploration, development, or production. It gives investors exposure to a diversified portfolio of companies engaged in gold mining, giving them a better chance at earning higher returns than traditional investments.

This fund exposes investors to small- and mid-cap gold mining stocks and has an expense ratio of 0.54%. GDXJ is less liquid than other funds but has enough volume to make trading relatively easy.

3. The iShares Gold Trust (IAU)

This ETF invests in gold bullion and holds it in trust for investors. The IAU is backed by physical gold in storage; each share of IAU represents one-tenth of an ounce of gold. Making it easy to purchase fractional shares can benefit investors who don’t have a lot of money to invest in gold. IAU is one of the cheapest gold ETFs, with an expense ratio of 0.25%.

4. The GraniteShares Gold Trust (BAR)

BAR is a passive fund, meaning it does not seek to outperform the price of gold. Instead, it aims to provide investors with a low-cost and efficient way of tracking the performance of gold. This makes BAR a great option for those seeking a low-risk approach to investing in gold and those seeking to diversify their portfolios with a reliable asset class.

BAR also focuses on liquidity, meaning entering and exiting the fund easily without incurring hefty fees or unnecessary delays. In terms of holdings, the fund only owns gold bullion bars stored at the London Bullion Market Association vault in London. Therefore, investors can rest assured knowing that their investment is secure.

5. The Direxion Daily Gold Miners Index Bull 3X Shares (NUGT)

This fund is a leveraged ETF that allows investors to gain triple exposure to gold miners. With its high expense ratio of 1.11%, NUGT isn't a fund for everyone, but its high leverage makes it appealing to some investors.

6. The Aberdeen Standard Physical Gold Shares ETF (SGOL)

This fund offers investors a convenient way to gain exposure to gold prices without purchasing and storing physical bullion. SGOL tracks the price of gold bullion spot, meaning that you purchase the same amount of gold as when buying physical gold. It also has a low expense ratio of 0.17%, meaning your fees are kept to a minimum.

7. The Invesco DB Precious Metals Fund (DBP)

The fund has low annual fees and expenses, making it one of the most cost-effective ways to gain exposure to the precious metals market. Furthermore, the fund is regularly monitored by the fund manager to ensure that it remains a top gold ETF to buy.

The fund also follows a unique indexing strategy that allows it to track the underlying performance of all four precious metals without taking on additional risk.

How To Buy A Gold ETF?

Gold ETFs offer advantages over physical gold, such as low costs and easy trading. Buying a gold ETF can be smart for investors looking to diversify their portfolios and get exposure to gold. Here's a step-by-step guide on how to buy a gold ETF:

1. Decide what gold ETF you want to buy:

The best gold ETFs to buy now will depend on your investment objectives and risk appetite. Research other gold ETFs and decide which one is the best fit for you.

2. Choose an online broker:

Before buying a gold ETF, you’ll need to open an account with an online broker that offers gold ETFs. Compare the fees, trading platform, customer support, and other features of various brokers before making your choice.

3. Place your order:

Once you’ve chosen an online broker, you can order the gold ETF you want to buy. Check the fees and commissions associated with the ETF before placing your order.

4. Monitor your investment:

Once you’ve purchased a gold ETF, it’s important to keep track of it and monitor its performance over time. This strategy will help you decide when to buy or sell your ETF.