ELI5: Explain Like I'm 5

Gold exchange-traded fund

Gold exchange-traded funds (ETFs) are a way to invest in gold without actually owning any gold. These funds are like stocks; they are bought and sold on stock exchanges like the New York Stock Exchange. When you buy gold ETFs, you are not actually buying gold, but rather you are buying shares in a fund that holds gold. The ETFs are priced based on the price of gold, so if the price of gold goes up, the ETFs go up too. Gold ETFs are a great way to invest in gold without the headache of actually buying, selling, and storing physical gold.