How do I get started in Gold investing? Is it a smart move?

It is easy to get started in gold investing and it can be a smart move--maybe. First, the ishares gold exchange traded fund trading symbol is IAU (Silver is SLV). So you can buy gold (or silver) just like a stock--and sell it short, just like a stock. In this way you get to play both directions as you choose (short sales, remember, generally have to be issued on the price uptick, so if it is trending down then when it bumps up sell short then).

There are two primary factors involved with precious metals investing: (1) industrial, and (2) sentiment. When jewelry sales or specialty electronics sales are rising then that adds to industrial demand. When world uncertainty changes, some people move to gold in a sentimental connection to its traditional role as a base value for money. Wars or disasters? Gold rises. Peace and prosperity? Gold falls--except as industrial uses outweigh those who were buying for more sentimental-styled reasons.

Another way of investing in gold is by buying into gold producers. Perhaps one of the biggest is Newmont Mining (NEM) and one of the oldest is Randgold Resources (GOLD). Its pretty fickle business with the smaller ones, I held Richmont Mines (RIC) for a while but they had to down grade when one of their fields was closed and while they had a big one it wasn't opened up yet (hint, there's something to watch for). Another I still have, though I sometimes wonder why, is Liberty Star Gold (LBTS), because they staked out an enormous amount of land to develop but have never gotten around to digging up more than samples. The thing to remember about gold mining companies is akin to some advice that Mark Twain once wrote from his experience, 'A gold mine is a hole in the ground surrounded by liars.'--so stick with the proven producers unless you just feel like taking a risk on those who "claim" to be looking for gold. Good luck.

Not with the recent news that gold pricing is falling....
If your going to do investing, the smartest moves are in the stock market and real estate

the price is way to high right now. It can only go down

There are two very easy ways. Buy GLD the gold index fund or buy shares in a gold mining company such as ABX.

I am not sure the investing in gold at the moment would be a wise investment. There is expectation that the economy is slowing w a y d o w n.

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