we've been talking to dean baker, and douglas holtz eakin, president of the american action forum. >> tom: it's been hard to miss the monstrous rally in gold prices. the yellow metal has more than doubled in less than five years, and now trades above $1,450 an ounce, hitting a new record high today. still, this story is not about where prices are headed next. that's for another time. if you've already decided to add some glitter to your portfolio, the question is in what form? suzanne pratt reports. >> reporter: precious metals dealer michael haynes has come to manhattan with a million dollars in gold, and some extra muscle. haynes is promoting his new smartphone app for gold bugs, but he's also encouraging investors to purchase physical gold. >> that's probably half a million right there. >> reporter: wow. haynes says there's a convenience to buying gold coins or bars, not to mention global acceptance. >> physical gold itself is a currency without a country. it's known in every country of the world. it's one of the few words that translates easily into every language around the world, and every currency around