Precious metal investors had a remarkable year in 2024, with gold and silver ETFs experiencing significant gains. Gold saw a 26.4% increase, reaching a new record high, while silver also performed well, rising by 21.45%. Economic concerns and geopolitical tensions likely contributed to this surge. Despite the high prices, many ASX investors are still keen on investing in these metals through ETFs.
For those interested in silver, the Global X Physical Silver ETF (ASX: ETPMAG) is a popular choice among ASX investors. This ETF is backed by physical silver bullion stored in a London bank vault, offering investors an indirect ownership of the precious metal without the need to manage physical assets. Although it charges a management fee of 0.49% per annum, it provides a convenient way to invest in silver.
On the other hand, the ASX offers several gold ETF options, including the BetaShares Gold Bullion ETF (ASX: QAU) and the Global X Physical Gold ETF (ASX: GOLD). However, two standout choices are the Perth Mint Gold (ASX: PMGOLD) and the Global X Gold Bullion ETF (ASX: GXLD). Both funds provide indirect ownership of physical gold bullion stored in a vault, with a management fee of 0.15% per annum.
Perth Mint Gold has the advantage of a ‘government guarantee,’ making it a preferred choice for some investors. Investing in these ETFs allows individuals to benefit from gold price movements without the hassle of managing physical gold assets. The ease of investing in gold and silver through ASX ETFs has attracted many investors seeking exposure to these precious metals.
Looking ahead, industry experts suggest that gold prices may continue to rise, with some predicting a potential increase to US$4,500 by 2026. This positive outlook for gold further underscores the appeal of investing in gold ETFs. ASX investors have been eyeing gold shares as lucrative opportunities, with record prices driving significant gains for gold miners.
Despite the volatility in the market, gold ETFs remain a popular choice for investors looking to diversify their portfolios and hedge against economic uncertainties. The ease of trading ETFs compared to physical assets makes them an attractive option for those seeking exposure to precious metals. As the global economy faces ongoing challenges, the demand for gold and silver investments is expected to remain strong.
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