Gold is Down 23% from the Peak to $4,330 an Ounce. Time to Buy This Top Gold ETF?

Gold has declined 23% from its January peak of $5,589 to $4,330 per ounce due to expectations of potential Fed rate hikes. While gold remains a solid long-term investment against currency devaluation, the author recommends physical gold or lower-cost gold ETFs over the SPDR Gold Trust due to its higher 0.40% expense ratio, which has caused it to underperform physical gold by 66 percentage points over 20 years.