How to Invest in Gold and Precious Metals

Inflation hedge, alternative asset class, or just a precious metal?
© CHRISTOPH BURGSTEDT—Science Photo Library/Getty Images
For thousands of years, gold has been both a currency and a store of value. Although investing in gold has its pros and cons, it’s easier than ever to add to your portfolio. In addition to owning physical gold coins and bars, you can buy gold exchange-traded funds (ETFs), mining stocks, and futures contracts.
Whether gold (and other precious metals such as silver and platinum) remain relevant in today’s investing world depends on your view. Some see gold as an insurance policy against stock market volatility and a reliable asset during times of severe economic instability. Others see it as a “barbarous…