NEW YORK ( TheStreet) -- Gold is at a key support level, and you may want to use this time to reevaluate your reasons for owning the soft yellow metal. The usual suspects for owning physical or paper gold include hedging against inflation, use as money during times of unrest, speculation, and the cool factor of looking at gold coins.About a year ago, I alerted investors that it was time to move out of gold and look for other investments. Included in comments from readers was a lively amount of enthusiasm and reasons why my thesis was incorrect. Gold has declined, but investors shouldn't ignore the opportunity cost of owning physical gold.
Gold vs. Guns: One Investment Outshoots the Other
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts