How to Invest in Gold ETF (Exchange Traded Fund)

Investment in the form of gold is famous enough and applied by so many people. Despite it being considered easier, everybody can just do it without they must have experiences of much knowledge in terms of finance and investment. Moreover, there are now many supporting facilities that make the gold investment reachable by all realms. One of them is the Gold ETF. What is actually a Gold ETF, how to invest in gold ETF, and how to start your investment there? Here are the explanations?

1. About Gold ETF

Gold ETF (Exchange Traded Fund) is an option to invest that enables everybody to have their own saving or investment, particularly in the form of gold. Yes, the gold investment is beneficial in many ways. But there are still people who are doubtful to start because of many reasons. For example, a piece of gold itself is not a cheap thing. So, since the beginning, they must spend a big amount of money. This platform gives you chances to start your investment little by little. Yes, if this is what to do, you cannot directly hold the money you buy. But at least, you have started. Moreover, it brings you some other features that make it work better than the traditional way of gold investments.

2. Safety and Security Guarantee

Another problem that makes people stop their move in the gold investment is related to safety and guarantee. You may wonder how and where to keep the gold. Is it safe enough to keep it at home or must you let the company keep it for you? Gold ETF tends to give answers to all of those questions. It even provides a digital system so that you can track your investment real time and more easily. If you need your money now, it is also easier for you to convert it without too many requirements.

3. How to Invest in Gold ETF

Starting to invest in Gold ETF is not difficult. You only need to create demat and trading accounts. All of them can be created on the official website of Gold ETF. Next, choose the Gold ETF item. The transaction is done online on the platform. If you think it is necessary, you can also hire a trusted broker to ease you to do this activity. The steps and the entire process are transparent and easy to understand. If this is your first time investing, it will not be difficult for you.

4. Documents to Complete

Aside from doing registrations, there are some documents to complete and submit. Make sure to prepare them before creating your demat and trading accounts. Those documents are the PAN card, identity proof, and address proof. For the PAN card it is mandatory so that you cannot miss it. Meanwhile, for the other two, they are optional actually. But, it is much better to have them and submit them for your own benefits. Sure, identity and address proof is not a difficult thing to get. You can just copy your identity card to make it work.