Want to Trade Gold? Let Us Count the Ways

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tdp2664 InvestorPlace I am not a gold bug — I make fun of people who fear inflation, I make fun of people who think even European governments will let their banks fail, I make fun if people who have gold coins in case the apocalypse comes up on us. Sorry if I offended you, but take heart — I have been recommending buying gold and its cousins for a long time and am still doing so. Why? First, the fearful are buying and driving up prices, and they will continue to do so as long as there is political uncertainty — and that means several years. Second, central banks, especially in emerging nations including India and China, are buying gold. Third, institutional money managers are boosting portfolio allocations to gold from the typical 2%-5% to as high as 15%. And last, as they should be, are the traders. However, they get the headlines, and that is why the chart readers – remember that people who predict fortunes and read palms read charts as well – say we are in a bubble. Nope, we are not. And here is how to trade gold. Investing Approach – Buy the SPDR Gold Shares (NYSE: GLD ) exchange-traded fund. the ETF for gold.