Go for Gold, or Not Really Sold?
For some readers, gold is a necessary piece of the puzzle; for others, it's no better than iron pyrite.
Gold's shimmer has been bright this year. The price of gold has jumped 26% for the year to date through July 28, and the typical fund in the equity precious metals Morningstar Category is up 109% over the same period. And investors have channeled more than $660 million into precious metals funds in the first half of 2016 (through June 30).
We recently asked Morningstar readers whether they had an allocation to gold in their portfolio, and if so, why. On the flip side, we also wanted to hear from those who had no interest in gold. If readers claimed they wouldn't touch it with a 10-foot pole, we wanted to know why not.
Karen Wallace does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.