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What's ETF?
ETF is somewhat like a stock, and it tracks the price of sth such as gold or oil, (e.g. when price of gold up, this ETF will also goes up), but would be much cheaper compared to the real gold. Just less than 10$ per share, so, you are not exposed to huge risk. While the pirce of real gold is nearly 1000US$ per onus. So, purchasing ETF, you can also track the price movements of gold while spending much less money resulting much less risk and cost. I can give you a website, http://www.hbpetfs.com/fundSummary.asp, HGD and HGU are the bear and bull ETF index for gold. Maybe you can have some better idea what's ETF. |
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