Are there any Mutual Funds that invest in Gold?
I'm looking for a mutual fund which uses gold as a hedge against equity investments.
From my experience, I was given to believe that mutual funds tend to hold minimal assets in "physical gold". Instead these so-called Gold Mutual Funds hold stocks in mining enterprises. If you are looking to invest specifically to benefit of the price change within gold (as a commodity) Exchange Traded Funds (ETFs) might be right for you. Not too sure if it applies to all Mutual Funds.