By Kyle Caldwell
Investors who boosted exposure to gold a year ago, at a time when global markets were in a state of turmoil following China's version of Black Monday, will have made some handsome profits.
Some specialist gold funds have been on a hot streak of form and have doubled investors' money over the past year, with WAY Charteris Gold & Precious Metals Elite leading the pack, posting gains of 171%.
The rest in triple digit territory are MFM Junior Gold (169%), Investec Global Gold (130%), CF Ruffer Gold (130%), Smith & Williamson Global Gold & Resources (124%) and BlackRock Gold & General (117%).
At the time of writing (31 August) the gold price stood at $1,307, up from $1,108 a year ago.
Time to sell, or buy more?
Similarly, gold exchange traded funds such as ETFS Physical Gold ETF (PHGP) are up around 15% over the year, so the majority of the gains from these funds has come from the gold miners' market performance rather than just down to movements in the gold price itself.
Stockmarket volatility, which has been commonplace over the past year, has been one of the main reasons behind gold making a comeback, with private investors attracted to the yellow metal's safe-haven attributes.
Other factors, however, have also been positive drivers, including a weaker US dollar.
For investors who missed out on the rally, is it now too late to join the party?