Gold shines as dollar stumbles

As the US dollar continues to drop, investors are flocking to precious metals for their safe haven investments. With expectations growing that their will be more continued currency debasement from the Fed, even more investors are looking towards precious metals in an effort to protect their assets.

By Anthony Mirhaydari
April 27, 2012
MSN Money

With the economy performing in fits and starts, investors have sought safety in numbers -- crowding into the latest hot trade. Right now, it's Apple (AAPL -0.78%). But for a long time, it was precious metals. Gold led the way in 2009 and 2010. Silver had an epic run-up in late 2010 and early 2011 before crashing hard as the dollar jumped after Seal Team 6 brought America's justice to Abbottabad.

Over the past year, most people couldn't be bothered with the shiny stuff, with both silver and gold mired in big, persistent downtrends. Silver is down more than 37% from its April 2011 high. Market Vectors Gold Miners (GDX +1.02%) is down more than 30%. Gold had a nice run after the U.S. Treasury lost its AAA rating last August, but it has been grinding lower ever since.

That's all changing now as the dollar weakens in a big way on expectations of more currency-debasing stimulus out of the Federal Reserve. Here's why and how to participate.

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