Is it too late to buy gold or perhaps the better question is it too late to invest in gold? Ultimately, that question will have to be answered by you, the individual investor. By now, you have seen the television advertisements suggesting that is not too late to buy gold. Others maintain, that the price of gold has run its course and the only way for the price of gold to go now, is down.

Investing in gold, just like investing in other commodities is a very difficult market to predict. Also, is just like other commodity investing, and investor should look at the current economic conditions, and try to gauge a forecast for future conditions.

Investing in gold has long been used as a hedge against a falling dollar and a substandard world economy. Going forward, investors should look at where they believe the economy is headed, and the future of the dollar. For many investors, the decision has been made. Ask yourself this question. If someone were to give you $1000 in cash, and an ounce of gold, and you could not spend either for five years, which would you prefer to own.

That is not to say that you should cash in all your certificates of deposit, investments in stocks and mutual funds, and invest in all the gold that you can. However, taking a position in gold will help diversify your portfolio, and allow you to participate in what many experts agree will be a continued increase in the price of gold.

Investing in gold is much easier than it ever has been. While many investors still enjoy holding their gold bouillon in hand, ETF’s that specialize in gold has become wildly popular. What is the best ETF for Gold investing? That is always a tricky and the question. However, for those investors willing to do some research, you could consider SPDR Gold Shares for your individual investing. Each share represents one-tenth of an ounce of gold, so the share price moves in tandem with the gold price. ETFs trade just like stocks and investors can be in and of a position in gold at any time.

If you use a systematic approach to investing in gold it is never too late to buy gold. If you are looking to gold as a short-term investment, you would do well to stay away. Investing in gold is a tool to be used for diversification over the long haul. Given the current state of the economy, and the projected direction of the economy, investing in gold can provide a nice hedge for your portfolio