Gold's low-cost glow

The best way to gain an exposure to gold is to invest in producers with low costs.

PORTFOLIO POINT: The best way to gain an exposure to gold is to treat it like any other commodity and invest in low-cost producers.

Gold’s 20% price fall from its all-time high of $US1923 an ounce last September to a low of $US1537.50/oz at the Wednesday morning fix on the London bullion market last week pleased critics who do not believe the metal is a valid investment.

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