Gold Mutual Funds

[moneysense]

Since the US Dollar has taken such a beating and its worth has dropped, more investors have put their money literally into gold making the price of gold per ounce soar well above $1000.

Harrods has even taken to giving swiss gold bars to its elite clientelle in exchange for their cash.

If you are among those of us who cant afford to buy actual gold, which by the way is now going for $1066 per ounce, you alternative could be to invest in Mutual Funds.

Mutual funds capitalize on the results of a number of companies in a sector, spreading investor risk. While those who invested in gold at the start of 2009 have already made a pretty penny, investors are now trying to determine whether a similar golden opportunity will be available in 2010.

Standard and Poor has forecast that the price of gold will continue to rise, thus making an investment in Mutual Funds that have an affiliation with gold a sure thing.

JP Morgan also predicts that gold prices will continue to rise but also give the following warning,

Those using gold as a hedge against inflation may want to consider how investing in gold factors into their overall plans if inflation doesn't explode as they fear.