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Is Gold a Smart Buy for 2014?

The stock market has performed badly to start off 2014, but surprisingly, gold has jumped after a terrible 2013. Is 2014 the year to buy gold, or will prices simply fall further after a brief rise?

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at the gold market and its prospects for 2014. Dan notes that last year, gold and silver prices plunged, sending SPDR Gold Shares (NYSEMKT: GLD  ) and iShares Silver Trust (NYSEMKT: SLV  ) to big losses. The Federal Reserve played an important role in that drop, as investors feared higher interest rates would drive gold owners to sell in favor of income-producing investments. As stocks fall, though, Dan suggests that fears about a stalling economy could help gold recover. Moreover, he points to gold-mining stocks as even more beaten-down victims of 2013's gold plunge, noting the even bigger drop in Market Vectors Gold Miners ETF (NYSEMKT: GDX  ) and pointing to low-cost miners like Goldcorp (NYSE: GG  ) and Barrick Gold (NYSE: ABX  ) as potential candidates to weather the gold storm and come out more profitable than ever if gold prices hold up.

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Dan Caplinger
TMFGalagan

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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Related Tickers

10/1/2014 4:00 PM
ABX $14.75 Up +0.09 +0.61%
Barrick Gold Corp. CAPS Rating: ***
GDX $21.40 Up +0.04 +0.20%
Market Vectors Gol… CAPS Rating: ***
GG $23.21 Up +0.18 +0.78%
Goldcorp, Inc. (US… CAPS Rating: ***
GLD $116.77 Up +0.56 +0.48%
SPDR Gold Trust (E… CAPS Rating: **
SLV $16.48 Up +0.13 +0.80%
iShares Silver Tru… CAPS Rating: ***