A modern day gold rush is sweeping financial markets. Gold is up more than 30% this year and has reached record highs. In fact, as of this writing (October 13, 2010), the intraday gold price is up 1.5% at US$1,366 per ounce.
Gold mania is so widespread that a German company plans to introduce an ATM to dispense gold coins to investors.
In addition, gold coins have long been a favorite among television talk show hosts, who pitch them as safe-harbor investments against impending economic and financial collapse.
But critics say these coins are poor investments -- they are sold at huge mark-ups to melt value. They say exchange traded funds such as GLD offer better ways to invest in gold.
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