How to invest in gold?

[Django]

I want to invest in gold but I don’t know if I have to hold this gold physically at home or if ETFs backed by gold stocks are also allowed

[Farhan]

Great question. Here are two discussions that we’ve had in the community that might be relevant here.

Gold ETFs halal to help battle inflation

Does anyone know if Gold ETFs are halal like CGL (headged) and CGL.C (non-headged)? Jazaakum’Allahu khairn

Gold/Silver Halal stocks

Does anyone know which gold and silver stocks or etfs are halal and preferably priced in Canadian Dollars? Which companies actually hold the precious metals? Jazaakum Allahu khair

[saad (Saad Malik)]

Gold ETFs are generally fine from a Shariah compliance perspective if they are 100% physically backed. Here’s a list of the Shariah-compliant options in the US market, sorted from most expensive to least expensive:

Symbol	Name	Expense Ratio
PHYS	Sprott Physical Gold Trust	0.41
GLD	SPDR Gold Shares	0.40
IAU	iShares Gold Trust	0.25
OUNZ	VanEck Merk Gold Trust	0.25
AAAU	Goldman Sachs Physical Gold ETF	0.18
BAR	GraniteShares Gold Shares	0.175
SGOL	abrdn Physical Gold Shares ETF	0.17
FGDL	Franklin Responsibly Sourced Gold ETF	0.15
GLDM	SPDR Gold MiniShares Trust	0.10
IAUM	iShares Gold Trust Micro ETF of Benef Interest	0.09

[TheMSO]

Thanks. I was buying BAR, now I will go with GLDM.

[Django]

Thank you a lot do you have any quote or hadiths for this invest please ?

[MarwaEmam (Mar_E)]

I am new to investing in stocks. How can I buy these? What is the best platform to use? I only heard of Robinhood and Webull. JaK

[saad (Saad Malik)]

You should be able to buy them through any major broker, including both Robinhood and Webull.

[hkirefu (Husein Kirefu)]

One way of participating in a gold rally is to go long silver, this could be considered less risky.

You may want to consider going long silver as it is trading in the ~80 silver to 1 gold, and may revert to 55 silver to 1 gold, or even better.

If you look back in time you will note that the ratio has been significantly lower.

ETFs are avialbe for silver

[fuzailfaridy]

I have been using Schwab and happy with it.
JazakumAllah khair.

[Mohammed_AlBlooshi]

Salam Alaikum Husein, to clarify by going long you mean buying and holding silver instead of using any specific financial instruments right?

p.s, general advice for OP or anyone looking into it. do proper due diligence on raw materials companies (gold mining, farming etc) as they often utilize speculation to guarantee themselves a profit.