precious metals/gold fund

(redirected from Precious Metal Funds)

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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Precious metal funds are easier because they tend to invest in a basket of holdings in companies that mine gold, silver, and other valuable ores.