GLD Chart | Gold Chart

I'm just making a video today for all you investors out there that may be looking at investing in gold.

This video is going to be about a GLD chart. Basically you can use a gold chart to track gold over the short term and look at short term trends versus long term trends and you can make your investing decisions accordingly.

To track gold I like to go to Yahoo! finance. You can really go wherever you want but I like Yahoo finance because it's just easy to navigate and I'm a simple person. I dont' go to E-trade or anything like that.

You're going to type in GLD which is the abbreviation for gold SPDR shares. Click "get quotes" which is going to bring up your SPDR gold shares. Again, GLD is the abbreviation for gold. As you can see, right now gold is at 153.19 per share. Think of that as a tenth of an ounce. A share is 153.18. If you multiply that by 10, that's going to give you an ounce of gold. An ounce, in this example, is 15320 per ounce.

You can see the 52 week range. It's anywhere from 148 to 185, which was 1850 per ounce at one point.

You can see the gold chart on the right and what I like to show people is that if you're thinking about investing in gold, it's the best decision.

I used to invest in stocks, but I kind of got burned by that. Now I'm sticking to gold. If you look at the GLD chart for the day, you can see it started at about 154 and now its currently at 153.18. It doesn't really look like much is happening today. If anything, it's going down.

I can extend the chart to 5 days. The chart looks up and down. I can extend it out to 6 months and you're probably still thinking "well, is this a good investment for me?." But then you extend the chart out to 5 years. If you look at 2007, gold was at 40 dollars a share, which was 400 dollars an ounce.

It peaked out last September/October, which was 1800 an ounce, which was 180 a share. So if you look at gold over the long term, it's going up. You can look at Apple, which has gone up quite a bit, but in my mind gold is the best investment.

A gld share, by looking at a GLD chart, is basically the easiest way to get in on gold because 153 a share is a lot cheaper than 1530 dollars an ounce. But again, I basically use the chart to track long term trends. I'd like to see my gold spike up 1000 dollars over night, but by looking at the long term trends, you can make a better informed decision.

Find out more information about a gold chart and investing in gold at:

GLD Chart