Ten ways to invest in gold

Ten ways to invest in gold

The price of gold itself has fallen, and is now trading in a range around $720 to $750 an ounce, having peaked at more than $1,000 in the summer. Nevertheless, this reflects a dramatic rise from a bottom of $270 in 2001.

However, the gold price has increased only modestly once inflation is taken into account; current prices match those of the late 1980s and early 1990s in real terms. But the gold price story is more complicated, particularly for sterling investors. As it is priced in dollars, it has proved a good hedge against a falling pound, and protected their savings from the currency devaluation.

By Teresa Hunter

1:33PM GMT 27 Nov 2008 http://www.telegraph.co.ukĀ  ReadĀ  More

Add a Comment