Posted By RichC on May 12, 2010
Gold, the investment that rises when risk becomes too great has reached its highest level trading up on Tuesday and continuing to push record areas on Wednesday morning. The $1240 per ounce price has investor’s worried about markets and inflationary pressures. The stock market is opening higher today renewing a bit more confidence that the economy is improving and that last week’s drop was panic and not a reflection on business in the U.S.
Personally I think its a little to trendy to be buying gold during the moment of excitement, but those wanting it add it to their portfolio have a few options. ETFs are probably the most popular way and a couple of those with the most shares are GLD and IAU. Owning a share is like owning 1/10 ounce of gold.