As the fear of inflation takes hold and the value of treasury bonds gets called into question, more people are looking at owning some gold.
The easiest and lowest cost way of owning gold is to buy a gold ETF (exchange traded fund) which owns actual gold bullion held in a vault. You can buy and sell this just like a stock and the only added cost is the commission to buy or sell. One of the biggest ETFs has the ticker symbol GLD and is traded on the New York Stock Exchange.
Gold is not for everyone. It pays no dividend. You can’t eat it or live in it. Its intrinsic value is hard to measure. Its price has risen so far and fast that there may be a “gold bubble.” I just wanted to add my two cents because Glenn Reynolds and Stacy McCain both mention it today.
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