LONDON (Commodity Online): Gold Exchange Traded Funds (ETFs) are the hottest investment properties these days. Investment in paper gold, as Gold ETFs are called, is booming because people believe that the yellow metal these days has more value than currencies like the US dollar.

While many of you have heard of Gold ETFs, not many of us know how to put in money in paper gold and what will be the returns that we would be getting from such exchange traded funds.

But not many people are like us in invesetment! Take for example Jim Rogers, the globally renowned commodities investor and author of such celebrated books like Hot Commodities.

Rogers' manner of investing in gold, esepcially in Gold ETFs, and other such hot commodities is followed by many investors across the world. Read below an interesting article by Tom Lydon of Daily Market on how to invest in Gold ETFs like Jim Rogers!

"Gold and gold-focused exchange traded funds (ETFs) are a hot topic of late, and Jim Rogers is on board as a gold investor. But can Average Joes be successful investing in gold using Rogers’ method?

Rogers buys gold whenever he thinks about it, says Przemyslaw Radomski for the Associated Press. He doesn’t wait for the International Monetary Fund (the world’s third-largest owner of gold reserves) to buy - he just does it whenever he has the chance, whether the prices go up or down.

But is buying gold wherever and whenever a strategy that works for most investors?

For all of its appeal as a safe haven, gold can have its share of risks, too. While gold is less volatile than many investments, including the S&P 500, it’s no stranger to spikes and dips in its prices. For that reason, tactical investors should have a strategy. We use the 200-day moving average as a buy and sell guide: when a position is above its 200-day, it’s a buy signal. When it drops below, or 8% off the recent high - whichever comes first - it’s a sell signal.

Having a buy and sell strategy (if you’re not in it for the long haul) can help you enter a position in time for any potential long-term uptrend, put a cap on your losses and subtract any emotion that may have entered the equation.

iShares COMEX Gold Trust (IAU: 92.62 +0.50 +0.54%): up 7.4% year-to-date
SPDR Gold Shares (GLD: 92.532 +0.472 +0.51%): up 8.3% year-to-date
PowerShares DB Gold (DGL: 33.93 +0.18 +0.53%): up 6.4% year-to-date