Don't buy the gold, invest in the company mining the gold. If you buy an ounce of gold at $1500 and it climbs to $1800 you make a $300 profit, but if a company is mining gold for $1200 an ounce and the price climbs from $1500 to $1800 their profit just doubled. In a bull run, you can expect to see gains over double that of buying gold when investing in gold mining companies. A simple and safe starting place is the VanEck Vectors Gold Miners ETF (GDX). It tracks the performance of 44 top global gold mining stocks.
Though gold prices have been rising slowly and steadily, with global uncertainty mounting and the Fed. almost certain to continue getting more aggressive with quantitative easing, further inflating the dollar and a presidential election this year, I'm banking on higher gold prices.