Very recently the current market analysts predicted that the price of gold would reach about 8,000 dollars an ounce by the year 2013. The price of gold at the current time is a little over 1,500 dollars an ounce in June of 2011, which is a lot lower than the current prediction calls for. So that particular prediction seems a little farfetched, but it may very well be possible for gold prices to double and break the 3,000 dollar mark by that particular point in time during 2013. That’s why a Gold ETF funds is such a great investment right now.

So, like I already said, if you make a gold investment at this very moment you’ll pay about 1,500 dollars an ounce, so you have the absolute opportunity to take out an investment that might bring you a 100% return within about a year and a half’s time. That would be utterly phenomenal if you ask me.

There are a few ways you can go about investing in gold to make a really good return. The first way is you can actually buy the physical product by purchasing it as either gold coins or gold bullion. Next, you can trade gold in what is known as the spot market. Or, you can learn how to trade gold futures or even invest some of your hard earned money in the stocks of the companies that mine gold. There are plenty of different options available to you today, so take advantage of them.

The main thing that I would suggest you do is you take the easiest option to invest in gold and you purchase shares of a gold ETF. The term ETF stands for exchange traded fund and it works very similar to a mutual fund. The best part about this type of share is it’s based off of a basket of stocks in the gold sector, so even though you are buying shares just like itís a stock, you are actually getting something that is well diversified so you really don’t need to be an expert stock picker when buying this type of gold ETF.

The most popular gold ETF available today is the gold bullion ETF known as ticker symbol GLD. This particular ETF is directly tied to the price of gold, so the person managing this particular fund is actually taking your money, as well as a group of other’s money, and is using it to actually buy physical shares of gold bullion. This gold is then stored in a vault and watched over very carefully. The other ETF in the particular category that you can buy is called the iShares Comex Gold Trust. It’s ticker symbol is IAU. But this is a much less popular gold ETF for a variety of reasons.

There are two other gold ETF types that are available to you. The first is gold mining ETFs and the other is leveraged gold ETFs. You can further explore these options and see if either of them are correct for you and your particular situation.

*Disclaimer – The author is not a Professional Financial Advisor and this commentary is opinion, not financial advice. Before making any investments of your own, seek out the advice of a qualified Professional Financial Advisor!