Retirement

Gold IRAs Glitter as Bullion Prices Spike

 

Wall Street's woes have been gold's gain. As the stock market crashed, demand for bullion strengthened.

Should you take the gilded option?

Proponents are as enthusiastic as critics are skeptical. A middle ground might be using gold to supplement a traditional retirement plan, perhaps as 2% or 3% of one's portfolio. The caveat is that gold tends to attract short-term speculators who could create frustrating fluctuations for those in it for the long haul.

-- Reported by Joe Mont in Boston.

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Dow Jones S&P 500 NASDAQ 10-Year Note
12,454.83 1,317.82 2,837.53 17.45
Oil *
107.26
DOWN
74.92
DOWN
2.86
DOWN
1.85
DOWN
0.14
10 Yr
1.74%
SPDR Gold
152.68
-0.60%
-0.22%
-0.07%
-0.80%
Data delayed 20 minutes

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