How to Pick a Gold Stock

Gold recently hit a record high settlement price, and considering the run it has had this year, many investors are interested in exploring ways to make the metal part of their overall strategy.

Though gold has pulled back a bit, it's still near $800 an ounce, and the bulls certainly believe another rally is just a matter of time.

Gold itself is an insurance policy against financially catastrophic events, such as a sharp decline in the dollar, the emergence of hyperinflation or geopolitical turmoil. ...