Gold: A Safe Investment?

In the recent past gold had been a very poor investment. Don't get me wrong it was always nice to look at, and felt like silk sitting on your skin, but now with several reasons including the continual weakening of the dollar the price of gold is being pushed higher and higher. This is bad for jewelry lovers, but an excellent opportunity for investors. We have all seen the commercials asking us to mail in our "scrap" gold pieces for cash so I decided to take a look at the gold market and see how well it is actually faring. Of course there is a much better way to profit from gold than sending in your old watches and unwanted class rings that only remind us of how old we are getting, and waiting for them to send you a check that is seriously under value. The best way to invest in gold is going to be with a gold focused mutual fund, or funds that actually own bullion. One I my favorites is (GLD) StreetTracks Gold Shares.

During the first quarter of this year they have seen an 8% return, and have had their assets jumped almost $2 billion the first quarter alone. And because (GLD) is an exchange traded fund it is a safer way to invest in the shiny yellow stuff than if you were to invest in than stocks. So if you are getting close to retirement or just choose to be a little more conservative with your investment strategy then an ETF is for you.

Gold demand is strong! Even in places such as China , India , and the UAE, where most people only looked at gold as jewelry metal are starting to see the opportunity that investing in gold is creating. And many oil producing nations are shifting their reserves from the US dollar to the European Euro which is stronger than the dollar, and is helping to bump gold to record rates.

For those investors who like the idea of investing in gold, but also want to make sure that they are making some kind of profit at all times you should look into DGL. DGL is actually one of the newest ways to invest in the gold market. The fund is designed to track the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold Excess Return. It is a futures investment, and does generate interest. This will allow you to earn money no matter what the price of gold it.

Anyway that you like it, white, yellow, rose, 10 karat, or 24 karat, gold is a great investment. Ask your broker, or do a little research yourself, and make the right investment for you, and your family.