With the spot price of gold breaking out, you may be looking for new ways to play this precious metal. Have you heard about a new ETF?
Earlier in the month ETF Securities Ltd. launched the Physical Swiss Gold Shares, which has been designed to reflect the price of gold bullion.
"Investors have been asking us for a long time to develop a product that stores its gold in Switzerland," explains Fred Jheon, managing director and head of product development for ETF Securities. And now they’ve got it.
How's that different from the popular GLD offered by SPDR? The GLD stores its gold in London.
The SGOL gives investors "a new way to invest in the gold market and an efficient way to geographically diversify their gold holdings,” Jheon adds.
Is the Physical Swiss Gold Shares ETF for you? Host Melissa Lee and the traders have some strong reservations about this ETF.
Find out more? Watch our entire interview with Fred Jheon, now!