Why You Need Gold In Your Portfolio For the Long Run
Jason Toussaint, Managing Director of Exchange Traded Gold (ETG) for the World Gold Council, spoke with Robert Lenzer from Forbes yesterday. Jason explains why he thinks you need gold in your portfolio for the long term. As a sponsor of the SPDR Gold Shares (GLD), Jason makes his case for why this ETF is the best play.
The investment objective of the SPDR Gold Shares (GLD) is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Trust’s operations. The Shares are designed for investors who want a cost-effective and convenient way to invest in gold. Advantages of investing in the Shares include:
- Ease and Flexibility of Investment. The Shares trade on the NYSE Arca and provide institutional and retail investors with indirect access to the gold bullion market. The Shares may be bought and sold on the NYSE Arca like any other exchange-listed securities, and the Shares regularly trade until 8:00 PM New York time.
- Expenses. The Sponsor expects that, for many investors, costs associated with buying and selling the Shares in the secondary market and the payment of the Trust’s ongoing expenses will be lower than the costs associated with buying and selling gold bullion and storing and insuring gold bullion in a traditional allocated gold bullion account.
See the video below: