In this article, we discuss 5 best gold ETFs to buy now. If you want to read our discussion on the gold industry, check out 10 Best Gold ETFs To Buy Now.
5. iShares Gold Trust (NYSE:IAU)
5-Year Share Price Performance as of March 18: 62.53%
iShares Gold Trust (NYSE:IAU) aims to track the performance of the price of gold bullion, providing investors with convenient and cost-effective access to physical gold. As of March 15, 2024, the fund holds nearly $27 billion in net assets, with a sponsor fee of 0.25%. iShares Gold Trust (NYSE:IAU) ranks 5th on our list of the best gold ETFs to buy.
4. Goldman Sachs Physical Gold ETF (CBOE:AAAU)
5-Year Share Price Performance as of March 18: 62.88%
Goldman Sachs Physical Gold ETF (CBOE:AAAU) aims to mirror the performance of the price of gold after subtracting the Trust’s operational expenses, with the London Gold Fixed Price serving as the benchmark. Established on July 26, 2018, the ETF holds $620.18 million in net assets as of March 15, 2024, with an expense ratio of 0.18%. Goldman Sachs Physical Gold ETF (CBOE:AAAU) is one of the best gold ETFs to invest in.
3. abrdn Physical Gold Shares ETF (NYSE:SGOL)
5-Year Share Price Performance as of March 18: 63.11%
abrdn Physical Gold Shares ETF (NYSE:SGOL) ranks 3rd on our list of the best gold ETFs. The ETF aims to track the price movement of gold bullion, with expenses deducted. Launched on September 9, 2009, abrdn Physical Gold Shares ETF (NYSE:SGOL) holds 955.90 ounces of gold as of March 15, 2024. It has an expense ratio of 0.17% and manages assets totaling $2,864.37 million.
2. GraniteShares Gold Trust (NYSE:BAR)
5-Year Share Price Performance as of March 18: 63.23%
GraniteShares Gold Trust (NYSE:BAR) aims to track the price of gold, deducting trust expenses. It exclusively holds LBMA good delivery bars stored in a London, UK vault. As of March 15, 2024, the fund incurs a sponsor fee of 0.1749% annually. The ETF was founded on August 31, 2017. It is one of the best gold ETFs to buy.
1. SPDR Gold MiniShares (NYSE:GLDM)
5-Year Share Price Performance as of March 18: 63.31%
SPDR Gold MiniShares (NYSE:GLDM) aims to mirror the performance of gold bullion prices after subtracting the expenses. Compared to traditional methods of buying, selling, storing, and insuring gold bullion, investors may find lower costs associated with trading SPDR Gold MiniShares (NYSE:GLDM) in the secondary market. As of March 15, 2024, the fund manages assets worth $6,732.92 million, featuring an expense ratio of 0.10%. The ETF was launched on June 25, 2018. SPDR Gold MiniShares (NYSE:GLDM) is one of the best gold ETFs to buy.
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