Gold

Gold Investments
Gold is usually held in the form of bullion coins or in a gold bullion ETF. Gold company stocks can be held individually, or in a gold stocks mutual fund or ETF.

Bullion coins

 * The United States Mint American Eagle Bullion Coins
 * The Royal Canadian Mint Maple Leaf Bullion Coins
 * The South Africa Mint Kruggerrand Bullion Coins

Exchange Traded Funds

 * SPDR Gold Shares (GLD) (Company shares)
 * iShares Comex Gold Trust (IAU) (Bullion)
 * Central GoldTrust (GTU) (Closed-end fund)

Gold stocks and mutual funds

 * See Precious Metals Equity page which has different characteristics than gold bullion.

Taxation
Gold Bullion and gold bullion ETFs are subject to the maximum 28% capital gains tax on collectibles. This tax rate is higher than the maximum capital gains tax of 15% on other investment assets. However, in some cases, such as with GTU, gains can be taxed as capital gains because the investment can be treated as a PFIC (Passive Foreign Investment Company) - see a tax adviser for details.

Gold prices
The long term real return of gold and other assets over the 1900 to 2011 is included in the following table

The following table provides annual gold prices (including high and low prices) starting in 1970, the year gold was officially freed from government price controls and allowed to freely trade on the open market.

Articles

 * Rediscovering Gold As An Asset Class Juan Carlos Artigas, Journal of Indexing, November/December 2010.