If you have money to invest in something, go to one of the discount firms like Edward Jones or Charles Schwab or Fidelity and ask about mutual funds. They will show you charts on how each fund has done in the past 10-15 years and give you the average rate of return. You can also ask them about gold, so that they can give you a better explanation than I did about why it's not a good investment. You can talk to these people for free.
Gold is just another mineral that comes from the earth. I know people say that if the economy collapses, everyone will turn to gold for trading. It's simply not true. In reality people are going to trade what they have for what they need. If the entire economy and money system collapsed, the most valuable mineral for trade is going to be SALT. You can't cure and preserve food without it. I'm not saying invest in salt either, but just think about it.
at 8:26 AM on Dec. 1, 2010