What's a better and more secure way to invest in gold, Exchange Traded Funds or Futures?

Question

Imagine another depression along the way.

Also, I'll only have a few hundred dollars to invest.

Answer 1

With only a few hundred dollars to invest,you can forget futures.

The initial margin on a mini futures gold contract is $2,500 .The initial margin on a normal gold futures contract is $7,600.

Even if you had the $2,500,a $20 short  term temporary  move in the price of gold against you would wipe you out.

Futures are not very secure.

The only choice you got is Exchange Traded Funds

The problem with futures is that you can get the long term direction correct but the short term reversals will wipe you out completely.You need a lot of capital to withstand these short term reversals.90% of all  futures players lose because of this .Stay away from futures.