How to invest in gold on aconrs

## Investing in Gold on Acorn

Acorn is a micro-investing platform that allows its users to invest spare change from everyday purchases into a diversified portfolio of stocks, bonds, and real estate. While Acorn does not offer direct investment in physical gold, it does provide several options for investors who wish to gain exposure to the precious metal.

### Indirect Gold Exposure through Stocks

One way to invest in gold through Acorn is to purchase stocks of companies that mine, refine, or sell gold. These companies include:

– **Barrick Gold (GOLD)**: A Canadian gold mining company with operations in 13 countries.
– **Newmont Corporation (NEM)**: An American gold mining company with operations in North America, South America, and Australia.
– **Franco-Nevada (FNV)**: A Canadian gold royalty and streaming company that provides financing to gold mining companies.
– **Gold Fields (GFI)**: A South African gold mining company with operations in South Africa, Ghana, Australia, and Peru.
– **Agnico Eagle Mines (AEM)**: A Canadian gold mining company with operations in Canada, Finland, and Mexico.

By investing in these stocks, investors can gain exposure to the gold market without having to purchase physical gold. The performance of these stocks will generally follow the price of gold, but they may also be affected by other factors such as company-specific news and the overall stock market.

### Indirect Gold Exposure through ETFs

Another way to invest in gold through Acorn is to purchase exchange-traded funds (ETFs) that track the price of gold. These ETFs hold physical gold or gold futures contracts, so their value closely follows the spot price of gold. Some popular gold ETFs include:

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– **SPDR Gold Shares (GLD)**: The largest and most popular gold ETF, which holds physical gold bars in a vault.
– **iShares Gold Trust (IAU)**: Another popular gold ETF that holds physical gold bars in a vault.
– **VanEck Vectors Gold Miners ETF (GDX)**: An ETF that tracks the performance of a basket of gold mining stocks.

Investing in gold ETFs through Acorn allows investors to gain exposure to gold without having to purchase physical gold or individual gold mining stocks. ETFs generally offer lower fees and greater diversification than individual stocks.

### Considerations for Investing in Gold

Before investing in gold, it is important to consider the following:

– **Gold is a volatile asset.** The price of gold can fluctuate significantly in the short term, so it is not suitable for all investors.
– **Gold is not a productive asset.** Gold does not generate income like stocks or bonds. It is primarily considered a store of value and a hedge against inflation.
– **There are storage and security costs associated with physical gold.** If you choose to purchase physical gold, you will need to consider the costs of storing and insuring it.

### Conclusion

Acorn provides several options for investors who wish to gain exposure to gold. Indirect investment through stocks or ETFs can be a convenient and cost-effective way to add gold to a diversified portfolio. However, investors should carefully consider the risks and costs associated with gold investing before making any decisions.

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