Gold is on the move . . . to price levels far higher than we've ever seen in modern times. It's helped by zero interest rates in the U.S. that make bonds unattractive and force risky equities to become far riskier in response.
Investors who seek to partake in serious gold action must proceed with caution when selecting a vehicle. Search the web on GLD and you'll find plenty of questions about whether there's really gold or paper in there. I can't blame the University of Texas for safeguarding $1B in physical gold with a custodian. IMHO the safest place for gold is in mining companies' recoverable ore; it's pretty hard to fake it or steal it.
Full disclosure: Long GDX with covered calls.
Investors who seek to partake in serious gold action must proceed with caution when selecting a vehicle. Search the web on GLD and you'll find plenty of questions about whether there's really gold or paper in there. I can't blame the University of Texas for safeguarding $1B in physical gold with a custodian. IMHO the safest place for gold is in mining companies' recoverable ore; it's pretty hard to fake it or steal it.
Full disclosure: Long GDX with covered calls.