On May 15, Goldman Sachs Research forecasted new record highs for gold. Since that day, gold has achieved several new record closes. Gold futures closed at $3,740.70 per ounce on Sept. 22, a year-to-date increase of 42%. Signs are pointing to a continuation of that upward momentum in the price of the precious metal.
If you’ve decided to take advantage of the upward trend in gold, one of the best ways to invest is with gold exchange-traded funds, or ETFs. That is, ETFs that invest in gold and gold-related securities. ETFs are generally more convenient and cost-effective than owning physical gold, and they can be traded in any brokerage account as simply and easily as a stock.
Here are five of the best gold ETFs to buy now.
This post originally appeared at U.S. News & World Report.