I received an email from a reader who wanted to see a list of some popular gold mutual funds. I wrote this post up as a quick answer. Remember, if you ever have any questions at all, just use the contact form at the top of this site and I’ll personally respond..
Mutual funds are a relatively safe way to buy and own your own gold. Mutual funds allow for diversification of investing under the supervision of a professional in the field. In general, gold based mutual funds may move in value daily with the price of gold. These funds also tend to go proportionally higher than the actual gold price as it rises, this, however, includes downward swings when the price lowers. Finally, mutual funds are relatively easy to get in and out of. Unlike stocks which need to be sold in a timely fashion to prevent losses and require much more caution and hard work.
I have included a list of some of the most successful and popular gold mutual funds that are available today, in no specific order.
1. USAA Group PrecMM
2. Van Eck Funds IInvGldA
3. Evergreen A PrecMtlA
4. FrankTemp/FrankAdv Gold PrMadv
5. Evergreen B PrecMtlB
6. Evergreen c PrecMtlC
7. Vanguard FDS PrecMtlsMing
8. Midas Funds Midas
9. US Global Investors WldPrecMinr
10. First Eagle Funds Gold
11. OCM OCM GoldInv
12. FrankTemp/Franklin A GoldPrMA
13. Fidelity Selects Gold
14. Oppenheimer A Gold
15. FrankTemp/Franklin B Gold PrM B
These fifteen mutual funds are a great place to start doing research if you are thinking of investing in a gold- oriented mutual fund. There are many other popular and successful gold-oriented mutual funds out there and it may be wise to talk to your local broker as to which of these popular funds would be best to suit your needs as an investor.
Investing in a gold-oriented mutual fund can be a fun, exciting, and profitable way to invest your money during these times of economic upheaval. Don’t forget about the gold ETF, the silver ETF, gold mining stocks, or good old fashioned gold coins.
While it is true that mutual funds in stocks and money in banks accrue interest, gold gains its “interest” as it rise in value worldwide. Recently as our economy dwindles, gold values have reached all time highs. While gold values certainly wax and wane they still remain higher than they have ever been in the past.