iShares Gold Trust(ETF) (IAU), SPDR Gold Trust (ETF) (GLD): Why Gold Will Rally

My foolish take

I am a strong believer that every portfolio should have 5% to 10% of its assets in precious metals.  With gold hovering around $1,300 per ounce and silver under $20 an ounce, now is a good time to consider adding a diversified mining company like Freeport-McMoRan to your portfolio.  Consider buying now to get on the right side of the trend.

Ryan Peckyno has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold.

The article Why Gold Will Rally originally appeared on Fool.com.

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