Gold Rush !
The price of gold futures recently reached a new record high over $1,200.
In an article "Why Pessimists and Optimists are Going for Gold" by Paul Sullivan (published on Thursday, June 10, 2010) at Globe Investor, gold could "crack the $2,000 mark" in the next 12 months.
Apparen'tly, gold is emerging as the "go-to-currency" as investors seek to protect the value of their portfolios from "looming inflation" and "currency devaluation".
Paul Sullivan indicates that there are a number of ways to own gold; bullion, gold-backed exchange traded funds, and equities.
There are web sites that can help you decide whether or not to invest in gold. Three of these sites are GoldPrice, GoldSeek, and Privateer Gold Pages.
For more information on investing in gold, check out the following books at the Toronto Public Library:
Katz, John and Frank Holmes. The Goldwatcher : Demystifying Gold Investing. Hoboken, NJ : John Wiley, 2008.
Maloney, Michael. Guide to Investing in Gold and Silver : Everything You Need to Know to Profit from Precious Metals Now. 1st Ed. New York : Business Plus, 2008.
Spall, Jonathan. Investing in Gold : The Essential Safe Haven Investment for Every Portfolio. New York : McGraw-Hill, 2009.
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