In times of economic uncertainty and geopolitical turmoil, investors tend to trust physical assets more than digital investments, according to CyberMetals.
CyberMetals reported that 80% of investors trust physical assets, with gold (64%) and real estate (63%) being the most trusted options.
Providing further insight, CyberMetals noted that a significant 89% of gold investors believe in the long-term investment value of the metal. Interestingly, 49% of gold investors stated that investing in gold had a positive impact on their overall portfolio. Additionally, 58% of investors reported holding gold in their investment portfolios.
Gold (XAUUSD:CUR) is currently trading at $2,337/oz, having reached an all-time high of $2,454.20 on May 20. Year-to-date, the precious metal has seen a 12.7% increase in value.
Exchange-traded funds tied to gold have experienced positive movements in 2024, reflecting the strong performance of the commodity. Here are 15 notable gold-focused ETFs:
- VanEck Merk Gold Trust ETF (OUNZ)
- U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)
- Direxion Daily Gold Miners Index Bull 2X Shares ETF (NUGT)
- Sprott Gold Miners ETF (SGDM)
- GraniteShares Gold Trust ETF (BAR)
- iShares MSCI Global Gold Miners ETF (RING)
- ABRDN Physical Precious Metals Basket Shares ETF (GLTR)
- Goldman Sachs Physical Gold ETF (AAAU)
- iShares Gold Trust ETF (IAU)
- Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF (JDST)
- ABRDN Physical Gold Shares ETF (SGOL)
- Direxion Daily Gold Miners Index Bear 2X Shares ETF (DUST)
- VanEck Gold Miners ETF (GDX)
- SPDR Gold MiniShares ETF (GLDM)
- SPDR Gold Shares ETF (NYSEARCA:GLD)
Insight:
Adding to the discussion on investing in physical assets during times of uncertainty, it is worth noting that gold has historically been seen as a safe-haven asset, providing stability and security to investors during turbulent times. The strong belief in the long-term value of gold by a majority of investors underlines the enduring appeal of this precious metal as a store of wealth. Additionally, the performance of gold ETFs reflects investors’ confidence in the resilience of gold as an investment option.
