Not that gold ever lacks attention, but gold exchange-traded funds have been wildly popular during the past three months.
According to BlackRock (NYSE:BLK) data, net inflows of gold-based ETFs have come to roughly $10 billion! And from August through November, the SPDR Gold Shares (NYSE:GLD) — the world’s largest gold-backed ETF — gained more than 6%, vs just about 3.5% for the S&P 500.
So have you missed the boat on gold? Perhaps not. Some compelling drivers remain, including the pending fiscal cliff and the Federal Reserve’s “unlimited” quantitative easing program, which could mean higher inflation across the world.
In light of these forces, many investors might see gold as a safe haven. Consider that even super-investors like David Einhorn have been moving aggressively into gold.
How can you capitalize on the rise of the little yellow metal? Here’s a look at five ETFs and mutual funds that can get you started: