In a Volatile Market, Is It Time to Invest in Gold?

Posted Feb 1st 2010 6:00PM by Donald Allen (RSS feed)

Gold, as an investment, is a tricky thing. It tends to be thought of as a safe alternative investment, as compared to stocks, mutual funds or other forms of investment. Given recent activity, I don't see that as a likely outcome.

In recent months, the value of gold has skyrocketed. As a price per ounce, the latest price was $1,104.30.00 per Troy oz. According to Goldprice.org, a site specializing in gold sales, shows price charts for various time periods. In the past year, the price per oz has risen from $852.70 to today's close, an increase of roughly 30%. That sounds like a great deal, but unfortunately it doesn't stand up when compared to stocks.

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