Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Gagami asked in Business & FinanceInvesting · 1 decade ago

Should i switch from ULIP to GOLD ETF?

i got a good amount of saving in ULIP... recently i read GOLD ETF is safe with good return... should i swith ..if yes plz let me know which are good ETF?

Update:

If GOLD ETF is not safe what are the other options i can look for......

2 Answers

Relevance
  • ?
    Lv 7
    1 decade ago
    Favorite Answer

    The gold ETF is not safe. It is as undiversified as an investment can get with its value tied directly to the value of gold. Gold is at a high not reached since the late 1400's on an inflation-adjusted basis. I know - "it's different now" but you are way too late to the gold party.

Still have questions? Get your answers by asking now.