Just this morning the price of gold rose to a new all-time high of $2,455 per ounce. The idea of investing in gold can elicit a wide range of responses from people, from strong vitriol to deep praise. You have the gold bugs on one end, whose portfolios are dominated by the yellow metal, and on the other end you have investing purists, who claim because it has no earnings, it has no place in their portfolio. As with most things in life and investing, the truth lies somewhere in the middle of those two perspe ...