"For the long-term, cost-conscious investor, iShares Gold Trust ETF is a great bet. It has $61.5 billion in total assets and low fees at just 0.25%, or $25 per $10,000. Each share of IAU constitutes a fractional undivided interest in physical gold held in secure vaults by JPMorgan Chase Bank as the custodian. The gold is allocated, meaning it is specifically identified and held in the name of the trust."
"It's ideal for investors who want direct gold price exposure without the hassle of buying, storing, or insuring bullion. IAU may not even be at its peak potential, as trends say that gold is set to continue going up. As of this writing, gold broke through $4,000/oz. Two years ago, this was a fantasy. Why a gold surge can continue for years There is a "perfect storm" underway for the yellow metal."
IAU has significantly outperformed SPY year-to-date as spot gold prices have surged above $4,000/oz. The ETF holds $61.5 billion in assets and charges a 0.25% fee. Each share represents a fractional undivided interest in allocated physical gold held in secure vaults by JPMorgan Chase Bank as custodian. IAU provides direct gold-price exposure without the need to buy, store, or insure bullion. Monetary conditions favor gold because the Federal Reserve has begun cutting rates and further reductions are expected, lowering real yields and the opportunity cost of holding gold. A softer U.S. dollar and anticipated central bank purchases of over 1,000 tonnes support sustained demand.
Read at 24/7 Wall St.
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