Gold ETFs have become exceptionally popular, as these instruments mitigate many of the most pressing drawbacks to gold ownership—wide bid/ask spreads, physical storage needs and convenient buying and selling options. Investors have more than a couple of choices within the gold ETF space, including choosing between bullion-oriented funds, futures-oriented funds and funds that hold gold stocks in gold miners. As the largest gold miner-oriented fund, Market Vectors Gold Miners ETF (GDX) is an interesting option worthy of further exploration [see Free Report: How To Pick The Right ETF Every Time].
In A Nutshell
GDX gives investors exposure to gold prices through ownership stakes in gold-mining companies. The Gold Miners ETF was launched in May of 2006 and has since accumulated nearly $10 billion in assets under management [see Mining Boom ETFdb Portfolio].