Gold futures rose in New York as a slide in the dollar boosted the appeal of the precious metal as an alternative asset.

The lure of the legendary Lost Dutchman Mine has likely claimed three more lives.

Gold is a better way to store wealth. You don't pay property taxes on it and the roof never leaks.
 

For centuries, gold bullion and gold coins have consistently won out in the long-running contest against livestock, grain, shells, feathers, etc., to find an economic good that people could use as money for their trades.

Despite current prices of $1,200 an ounce, gold is expected to rebound to $1,325 or as high as $1,500 by the end of the year.

Trying to analyze every move in the price of gold is a waste of time.

Gold rose to a record high of $1,264.90 an ounce in Europe on Monday, as a slip in the dollar added impetus to the metal’s existing rally on the back of rising concerns over financial and sovereign risk.

The price of gold broke another record Friday morning as the intraday price reached as high as $1,260.90 an ounce.

Gold prices climbed to a new record high Tuesday as Europe's debt troubles sparked demand for perceived safe havens, like the precious metal, and investors hedged against inflation.

The price of gold is set to reach $1,350 an ounce before the end of 2010, most likely between July and September.