Below, two gold experts share four ways investors can add gold to their portfolios.
AdvertisementIn general, physical gold is a less liquid way to own the asset and is quite costly.
Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options.
In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market.
Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance.
Persons:
—, Jeff Muhlenkamp, they'll, George Milling, Stanley, Muhlenkamp
Organizations:
Service, Costco, Muhlenkamp & Company, State Street Global Advisors, Trust, MiniShares, Mining, Eagle Mines, Newmont Mining Corp, Wheaton Precious Metals
Locations:
Franco, Nevada