It may be a good time to look at investing in gold again

The Coronavirus panic has gold at its highest price in seven years, and experts think it could go higher, so it may be a good short term investment play.

America's Money Answers Man Jordan Goodman says you can buy coins and other physical gold, but gold-mining shares are attractive too.

"When gold prices go up gold-mining shares go up even more because their cost of production is basically the same but their revenue goes way up as gold goes up so there's a lot of leverage in the gold-mining shares, that's probably the best way to play it, but if gold goes down they go down even faster as well, so there's a lot of volatility there."

Goodman says gold may rise from about $1,650 an ounce to $18 or $1,900 an ounce. But like anything else, there is risk.

"I think it's got a lot more room to go up with the Coronavirus fear; a lot of central banks around the world are buying gold as well and it's kind of a hedge against all this uncertainty we're seeing now."

Some gold experts are even predicting prices will break through the $2,000 barrier and keep rising.

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