Gold ETFs

I am thinking of buying a gold ETF. Not having bought one before, do you have any suggestions?

A: Thanks for the question.

Yes, four gold ETFs to choose from.

ANZ Physical Gold (ZGOL)
BetaShares Gold Bullion – Currency Hedged (QAU)
ETFS Physical Gold (GOLD)
PMGold (PMGOLD) – from the Perth Mint

Apart from Betashares which offers a currency hedged version, there is very little to choose between the ETFs. GOLD is the oldest, largest and most liquid gold ETF. It has  a management fee of 0.40% pa (same as ZGOL). PMGOLD from the Perth Mint has a management fee of 0.15%. All are backed by physical gold.


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