Gold Loses Luster as Investment; Real Estate Gains

Even prior to the recent plunge in the price of gold, fewer Americans rated gold as the best long-term investment — with 24% saying so in April, down from 28% a year ago and 34% in August 2011. Real estate now essentially ties gold as the best investment, with 25% choosing it, up from 20% in April 2012 and 19% in August 2011. Stocks/Mutual funds are the third-most-valued investment, at 22%. [cont.]

Dennis Jacobe, Gallup