[Herakles]

You can sell gold if you want to, but with all the whack jobs in the world, I wouldn't do it.

Just for example, let's suppose the Iranians try to test a nuke and Israel nukes Iran's enrichment sites (you will have to use nukes to get them all, and in several locations). What do you think the price of gold will be then? Even $700/ounce will be in the far rear view mirror!

[Freedom4US]

You mean like the huge run-up during the first gulf war? Wait - never mind. Really, for a currency of last-resort gold hasn't done much, considering the number of destabilizing world events of the last 20 years. Lead, zinc and copper have really gone up percentage wise as of late, however.