We all know that of all precious metals, gold is the popular as an investment. It is a hedge against any economic, political and social or currency based crisis such as investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest. Owning gold has been recognized for centuries as one of the best ways to preserve one’s wealth and purchasing power.
Nowadays, investors who want to buy gold bullion need not to worry where to get it. With the aid of technology comes several legitimate online money stores that cater to different types of gold investment products such as coins and bullion. Of course, for any type of investment, individuals need to be very careful as they might end up getting untrue products.
The latest buzz of the gold product industry is the approval of the Capital Market Supervisory Board for gold exchange-traded funds (ETFs) to tap the Thailand stock market. The board agreed to permit two different types of gold ETFs into the market namely ETF feeder fund investing in an overseas gold fund and an ETF directly investing in gold bullion in the local market. Thai money investors need not worry as the Securities and Exchange Commission is expected to work with the Stock Exchange of Thailand to assist in educating them about the rules and regulations for both.
The announcement follows the recent launch of new ETFs from ETF securities, a global ETF issuer. They recently launched: Securities Physical Platinum Shares (PPLT) and Physical Palladium Shares (PALL). These are physically backed ETFs and the first U.S. traded funds to offer investors bullion-backed platinum and palladium trusts. The first physically backed gold ETF in America is currently the second largest ETF by asset in the U.S.
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