Things You'll Need:
- A trading account for trading on the NYSE, Nasdaq, etc.
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Step 1
The first thing you should do is look through the list of gold ETFs. There is a link at the end of this article to a page with a list of gold ETFs. Some ETFs simply track the price of gold while others have physical gold bullion backing up the shares. It is better to have physical gold backing the shares because the shares will have an intrinsic value rather than just tracking the price of gold as an index would.
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Step 2
Be sure the gold ETF that you choose has plenty of buying and selling volume. Check the average volume of shares. This is important because if the ETF has a low volume, you may end up buying at higher prices than the ETF is worth and selling at lower prices. It may be hard to find a buyer when volume is low.
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Step 3
Use your stock trading account to buy the ETF. Use the ticker symbol and buy in round lots of 100 shares. Any multiple of 100 should do. Buy low and sell high. Good luck!
