McEwen Mining Inc (MUX), SPDR Gold Trust (ETF) (GLD): Gold Stays Global As Fed Fails to Provide Clarity

like McEwen Mining Inc (NYSE:MUX), look attractive here — even with the recent gains — but also that it should be a catalyst to reconsider how you think about gold investments overall. It would be easy to look at the activities taking place in the U.S. and conclude that the run in gold prices will shortly run out of steam, making gold increasingly risky. While there is some merit in this observation — the U.S. is a significant factor — recent price action reminds us that this is only a part of the story.

If the global picture continues to improve, investments in the commodity itself will remain attractive. The SPDR Gold Trust (ETF) (NYSEMKT:GLD) is a great place to start for most investors, because it allows you access to commodity-like returns, without the vagaries of the futures markets. The world’s largest gold ETF recently increased its supply of stored physical gold by 1.8 metric tons, giving further credence to the idea of increasing world demand. SPDR Gold Trust (ETF) (NYSEMKT:GLD) offers great liquidity, although it won’t offer the leveraged exposure to gold that McEwen Mining Inc (NYSE:MUX) or other miners will. Ultimately, while gold has performed well recently, the global story suggests that it has more room to run.

The article Gold Stays Global As Fed Fails to Provide Clarity originally appeared on Fool.com is written by Doug Ehrman.

Fool contributor Doug Ehrman and The Motley Fool have no position in any of the stocks mentioned. 

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