As analysts debate where gold prices are headed, what's the metal worth as an investment?...

|By:, SA News Editor

As analysts debate where gold prices are headed, what's the metal worth as an investment? A Credit Suisse study says 1% a year since 1900 - a bit higher than Treasury bills, lower than Treasury bonds; stocks have averaged 5.4% during the period. To make matters worse, gold’s volatility is 2.5x that of bills, two percentage points higher than bonds and about two-thirds of stocks.