Gold was out when the seventies ended, but the loss of confidence in paper money has sent it soaring once more. Investors who missed the metal's recent rise should not despair: There's still plenty time to get in on the action. Here's how.
With gold trading at around $1,600 an ounce, this most precious of metals seems to many like a smart investment. And if you have a television, you've doubtless seen ads encouraging you to buy physical gold. But think twice: Owning bullion can be more trouble than it's worth, and alternatives exist.
What's the best way to invest in gold? Dan Burrows, Senior Writer at DailyFinance, goes out on the street to find out what passers-by think and then weighs in with his own advice. It's timely because gold just hit another record high on Tuesday of $1,422 per ounce.
Shares of silver are up about 40% so far this year, compared to just over 20% for gold. But a statement from the Commodity Futures Trading Commission on Tuesday could rattle prices as investors consider whether to add silver to their portfolios