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Lawrence McOchillo

Which Gold ETF should I buy?

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Hi Lawrence, thank for your excellent question on Gold ETFs. Gold has really done well this year given the massive volatility seen in the global equity market, which led to increased demand for gold as a safe-have asset.

Most Gold ETFs have posted gains this year with some of the best performers being the SPDR Gold Trust (GLD), which is the largest gold ETF, as well as others such as iShares Gold Trust (IAU) and the SPDR Gold MiniShares Trust (GLDM). All of these three ETFs are up this year and are likely to keep rising for the next few months in tandem with spot gold prices.

You can buy any of the three ETFs based on the funds you've allocated to this segment of your portfolio as the ETFs trade at different prices with IAU being the cheapest and GLD being the priciest of the three.

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