What is ETF GDX?
The VanEck Vectors Gold Miners (GDX) ETF is one of the most liquid vehicles on the market. It helps those who want to gain exposure to gold mining companies. It was established in the midst of gold’s bull market as securities were created to satiate the appetite of precious metals investors.
What does Gdx stand for?
GDX
| Acronym | Definition |
|---|---|
| GDX | Government Data Exchange (Thailand) |
| GDX | Gamma Delta Chi (fraternity) |
| GDX | Generic Digital Crosspoint |
| GDX | Game Development Extensions (software) |
What does ETF stand for?
exchange-traded funds
A growing number of investors are using exchange-traded funds (ETFs) to build diversified portfolios. Maybe you should consider it too — if you understand the risk/reward trade-offs. An ETF is a basket of securities, shares of which are sold on an exchange.
Do gold ETFs hold physical gold?
Physically Backed Gold ETFs seek to track the spot price of gold. They do this by physically holding gold bullion, bars and coins in a vault on investors’ behalf. Each share is worth a proportionate share of one ounce of the gold.