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Precious Metals/Gold Fund
(redirected from Gold Funds)

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Precious Metals/Gold Fund
A mutual fund or other investment company that invests predominantly or exclusively in securities related to gold or other precious metals. For example, it may invest in futures contracts or options in silver and platinum.

precious metals/gold fund
An investment company that maintains a portfolio that contains a two-thirds minimum of investments in securities connected with silver, gold, and other precious metals.


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Investment in gold funds is considered more cost effective and convenient than buying physical gold where the deduction can be as high as 10 per cent of the value of the ornament in the form of making charges.
The gold funds did well for five years from 2001 to 2006, averaging around 30% compounded per year.
Gold funds are set up to provide investors some clear advantages.
 
 
 
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