MellowGuy

Gold Prices: Little Correlation with Its Utility

Gold has had costs of production that has matched the costs of labor for over a thousand years. So it is a measure of value, not a store of value. There isn't enough gold for most people to buy with more than a few percent of their life savings.

I buy the GLD ETF shares and write options against them hoping that the price of gold won't fluctuate too much.