- 1). Open an account with an online stock broker if you do not already have one. "Smart Money" magazine rates the major brokers each year. The top-three rated brokers in the current survey are Fidelity, E-Trade and TD Ameritrade.
- 2). Fund the account with the amount of money you want to invest in a gold fund. Money can be deposited in a brokerage account by wire transfer, electronic ACH deposit or mailing a check. Wire transfer is the fastest, but incurs fees on both ends. An ACH deposit takes a few days to complete and incurs no cost.
- 3). Select a gold ETF for your investment. There are three ETFs that hold gold bullion and track gold prices directly: SPDR Gold Shares, symbol GLD; ETFS Physical Swiss Gold Shares, symbol SGOL; iShares COMEX Gold Trust Fund, symbol IAU.
- 4). Buy shares of your selected gold ETF using the online stock-trading system of your brokerage account. Trades are placed by entering the fund symbol and the number of shares you want to purchase. The order will be filled at the current market price for the fund.
SHARE
