Gold is hitting new highs and many investors may be looking to add the metal to their portfolio. ETFs make gold easy to buy, but investors should take a different approach with gold than with stocks when considering where it fits in their portfolio. In the past five years, Apple Inc. is up more than 600%, well ahead of SPDR Gold Shares’ (GLD) nearly 200% run. The past five years have seen a string of successful new products from Apple (AAPL), while inflation and financial crisis have lifted gold. Apple’s success shows that at the end of the day, creative minds are a better bet than the yellow metal. For many blue chip companies, however, the creativity and innovation hasn’t been nearly enough. – Don Dion, TheStreet, May 13, 2010.
More in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]