Reply #6: Actually, several ways..... [View All]

[rlev1223]

You can buy gold directly in the form of canadian or south african coins; you can also buy bullion from dealers but then you need to pay for storage and insrunce, not a good deal.

Most people "buy' gold by investing in gold mining stocks, not a pure play but they move generally in a similar direction. This can be done by buying shares in individual companies on the market or through an open-end mutual fund such as American Century Gold Fund (symbl BGEIX).
(There are others.)

Finally, there is about to be a new "Exchange Traded Fund" (ETF) which is a like mutual fund, but which trades as shares on the stock market. It will own directly gold bullion, so that owning shares in it will be a pure play on the price of gold. (and also a way to bet on the decline of the dollar.)

Any broker can tell you about this...I'm not sure it opened today but it will soon.