Is this a good time to buy gold?

Dragonsbane answered one year ago …

There are a number of ways to "play" gold. I'll list a few though there are certainly more than just these. Gold stock ETFs tend to be heavily weighted to the larger cap. companies like Barrick and Newmont and may not actually track the gains of gold very well. You can buy the ETF GLD which is supposed to track the price of gold exactly (it does a relatively good job of this). You can also buy the bullion itself, which is the safest and most expensive way since you will have to pay for insurance and storage. Another option is to invest in futures contracts for gold which would probably give you the most leverage if you are extremely bullish. Personally, I use the futures and buy stocks of small to mid-sized producers that are both increasing production and showing good relative strength compared to the sector.