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Gold ETF's are considered a safe investment. They also have the benefit of delaying capital gains taxes until the are sold. Gold is a safe commodity for trading as the value tends to rise.

I do NOT recommend you Invest long term in these precious metal exchange traded funds, but rather trade them shorter term.

This is because the shares in the fund are owned by a bank or financial institution. Therefore the assets of the shares are vested to the bank, not you.

If the bank doesn't have the amount of metal to back the shares, or if they go bankrupt, you will lose everything.

For a long term investment, you should physically purchase gold and silver.

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13y ago

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