If you contribute money towards gold funds, you don’t spend it exclusively on the product. The most favored way of contributing the money to physical gold indirectly is using exchange-traded funds (ETF), for instance, the SPDR Gold Shares (GLD). Mutual funds almost don’t spend currency on physical gold. Frequently named as “Precious Metals,” gold mutual funds possess the stocks of mining companies. The most reliable gold mutual funds are listed further: Gabelli Gold Fund Class AAA (GOLDX) and Sprott Gold Equity Fund (SGDIX).