Beginner gold investors should be prepared to make certain moves now, ahead of the next price spike. kuppa_rock/Getty Images
The price of gold is on the precipice of a new record high.
After growing past $3,400 per ounce in the spring, the price of the precious metal as of September 2 is now $3,480.07 for the same amount. And any number of current factors could easily drive it past $3,500 and, potentially, toward the $4,000 per ounce mark.
While this is encouraging news for investors with a diversified portfolio already partially made up of gold, it can be problematic for those who have yet to get started with the yellow metal. And, for beginner investors in particular, it can be difficult to determine where to begin with gold priced as high as it currently is.
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