Gold in my opinion is more trouble than it is worth.
Gold in my opinion is more trouble than it is worth. It is heavy, soft, not really useable in many industries, hard to protect, and baddies are always looking to take it way.
But what matters is not my opinion. The opinion of the rest of the world is what holds sway. With the rising middle class in India, Brazil and China the demand in gold will go up. They will want all types of pretties to display and also a way to protect a portion of their hard earned wealth from inflation, and other market forces. The easiest, least complicated way to do that is by buying and holding gold and other precious metals.
There are a variety of ways one can choose to play this reality. The way I have chosen to profit is by buying a few miners that produce the stuff. The profit margins at the current price per ounce is really good for many of them. Even if gold drops down to $1,000 an ounce there are a few that would still be making a tidy profit.
Some consider gold to be a commodity like rice, pork bellies or re-runs of Night Court. I've also read where fellow Fools view gold as money. Frankly I don't care how you catagorize it. The old tried and true "buy low, sell high" method of making money still applies to the world of gold.
Before you decide to invest in the physical metal, ETF or a producer please, PLEASE, do your due diligence. Do not dip your toe in these waters unless you are wearing a life vest.
P.S. - I would also recommend reading from the posts of TMFSinchiruna/Chris Barker to assist you with your precious metals education. He has a firm grasp of the subject, has helped me learn a lot.