Thursday, May 8, 2008

Four Ways to Make Your Portfolio Shine with Gold

1. Gold Bullion. These are gold bullion coins such as the American Eagles and Canadian Maple leafs. But I prefer the one- and five-ounce gold ingots available at most reputable gold dealers. Store in your bank's safety deposit box, or at home in a safe that's securely bolted to the floor.

2. The streetTRACKS Gold ETF (GLD). This fund allows you to invest in an ETF that owns the physical gold for you, but without the storage hassles. If you don't own GLD, consider buying it now!

3. Gold stock mutual funds: Some of my favorites: Tocqueville Gold Fund (TGLDX) ... U.S. Global Investors World Precious Minerals Fund (UNWPX) ... and the U.S. Global Investors Gold and Precious Metals Shares (USERX). If you didn't purchase when I mentioned them in last week's Money and Markets, I strongly suggest you look to get in now.

4. Top-notch gold mining shares. Best suited for more accurate timing,

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