Are there any gold stocks which track the spot movement? ( I think I rememebr reading about them but cant seem to find specifics) Are these something a small company can invest in to diversify its portfolio?
I was in GOLD for a while, did better than most of my shares - http://www.google.com/finance?q=asx:gold
ASX: PMGOLD - Backed by Perth Mint Physical gold. http://www.perthmint.com.au/investment_gold_asx.aspx http://www.asx.com.au/asx/markets/priceLookup.do?by=asxCodes&asxCodes=pmgold
I don't know if you mean ETF's or 'stocks' (shares) particularly. I hold mining shares and have held exchange traded funds which (allegedly) invest only in 'gold'. Some of the ETF's 'invest' in non-phys 'gold' and some (purportedly) invest in only physical - but in my experience both are open to manipulation. I don't hold exchange traded funds in pm's any more for that reason.