Rules of the Game: Gold's Shortfalls

I know I harped on the futility of treating gold as an investment just a couple weeks ago. But that column had barely hit the ether before I had a conversation with a friend who was adamant about keeping his gold position. He boasted that the underlying metal was up that day. The SPDR Gold Trust (GLD) advanced 1.7% on July 1, before leveling off and then eventually gapping down 2.2% Friday.

I understand that any investment -- or trade -- will have good days and bad days, so I'm actually just having a little fun with that particular example....526 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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