Pros and cons of investing in gold

Q: Is gold considered a safe investment?

A: Historically, when equities have experienced bear markets, investors have looked for safe havens for their investments. Gold is one such investment. Its popularity usually runs in cycles. It will experience short bursts of enthusiasm, or "frenzy," as the price soars, followed by long periods of being ignored.

Send your money management questions to [email protected] Answers to our readers' questions were provided by Medical Economics consultant Barry Oliver, CPA, PFS, Thomas, Wirig, Doll & Co. Capital Performance Advisors, Walnut Creek, California.