Gold is often thought of as a hedge against uncertainty and it has done better than stocks during this recession. But putting more money into something that is hovering around a high is something that should make any investor pause a bit. There is no doubt the world is still in a heap of trouble both economically and in other ways, but this by no means indicates that gold will continue to do well.

Anyone who started buying stocks near their low has had a very good year in 2009. However, people who did not buy more and are still hanging on to their portfolio’s from the Dow’s high of 14,000, have losses that have not been recouped. It is wonderful for investors that the Dow has recovered as much as it has but it has done so quite quickly which should also make investors cautious.

The resulting dilemma is where to put your money right now, especially if you are buying gold or buying stocks for the first time? Should you put it in gold at it’s all time high point or the stock market that has made a huge recovery? This is the question that investors are facing right now and it is one that there is clearly no right answer to. If you listen to the “experts” they all have their opinions but in the end, none of us can see what is going to happen in the future. Perhaps investing in a little of both might be the right path?