LONDON -- After peaking at the end of last week, the price of gold is little changed this week, at around $1,766 per ounce on the December futures contract. Wednesday's slide was quickly reversed, and the yellow metal is currently down just 0.3% on last Friday's opening price.
Of course, the only practical way for most private investors to invest in gold is through exchange-traded funds. The $63 billion SPDR Gold Trust ETF
Gold shares rising
Many investors prefer to invest in gold mining stocks, rather than gold itself, as investing in miners offers the potential for leveraged gains on the price of gold. Let's take a look at some of this summer's biggest risers.
Investors in FTSE 250 (MCX) Egyptian-focused gold miner Centamin
AIM-listed Patagonia Gold
Meanwhile, on the other side of the Atlantic, Coeur d'Alene Mines Corporation
Shares vs. commodities
This is a key point to remember for commodities investors: shares in commodity companies have outperformed their underlying commodities many times over the last 10 years, thanks to their ability to magnify their gains through successful development of new resources. This free report from the Fool, "Ten Steps to Making a Million From the Market" contains some excellent tips on identifying and investing in potential multibagger shares, including resource shares like gold miners. I strongly recommend that you download it now, as it will only be available for a limited time.
Further investment opportunities: