Gold Investments - Risks And Alternatives

The author of this Kiplinger article is skeptical of gold being a good investment and suggests other ways to hedge against inflation

At a time when many investors see government deficits spiraling out of control, gold appears an obvious place to store cash until the storm blows over. As a result, the metal enjoys a fear premium. Without it, gold, which sold for $1,220 an ounce in early June, would trade at $800, says Michael Crook, of Barclays.