[ArneFufkin]

Do you invest in a managed gold fund or do you recreate Mr. T's necklace set at home?

[Torie]

I don't do gold. But if you want to, you want to invest in those that produce bananas, rather than hord the bananas themselves. Thus, you want to invest in mines, rather than the lucre itself. In short, you want to invest in the low expense ratio Vanguard precious metals fund. And you don't want the allocation to exceed more than about 5% of your total portfolio. Anything else is loser's game.

[Torie]

More about gold from a guy in whom I hold the highest esteem, and know very well.