Your Gold Holdings May Be Worth Less Than You Think

Record gold prices are becoming an almost-daily headline, with the "yellow metal" making a run at $1,400 an ounce. And while this is great for the investors who are along for the ride, there is an important caveat - your gold may not be worth as much as you think it is. Moreover, because of the tax consequences of ownership, chances are it'll never add up to what those guys hawking gold coins on late night TV lead you to believe. But that doesn't mean you shouldn't invest. With an estimated $202 trillion in unfunded pension liabilities and the global public debt clock ticking higher, I believe gold and other precious metals should be a part of every investor's portfolio. I believe gold is going to double in the next five years and am not alone in my expectations that all metals will be much higher - not in a straight line, mind you, but higher than their current values. Legendary investor Jim Rogers and U.S. Global Investors Inc. GROW Chief Executive Officer (CEO) Frank Holmes are just two of the experts who have voiced similar opinions about higher gold prices in the future. Continue reading the article.