Before you jump into gold in 2006, be sure to understand what it’s all about. Business Week interviews James Turk, a renowned gold bug who believe gold could go to $850 an ounce. Whether he’s right or wrong, get to know more about gold first and what makes it tick.
There are two ETFs that represent gold. iShares Comex Gold Trust (IAU
) and streetTracks Gold Shares (GLD
) are not an alternative to owning physical metal. They’re a convenient
way to speculate on the price of gold. They don’t prove that the gold
actually exists in the vaults of the custodians and the sub-custodians
with an audit.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.