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I've been investing since Nixon and a 500 DOW. I've been up and I've been down. I'm not a moron, but I really have the same question you do. I make my retirement money 100% by investing. I have no other income. I think the main thing you might consider with all the Gold talk here is we haven't been able to own gold but just a short time ( in the grand scheme of things). One of the first things the last commie did( FDR) was to forbid gold ownership by private parties other than jewelry and they controlled the price. Executive order 6102 of 1933 said you were an evil hoarder of gold if you had any more than the government thought was ok. Note it was just an executive order. He didn't go through Congress. If we have a run on the dollar( which looks more likely at some point) gold will skyrocket and you will enter the evil ranks of people who have something others don't. There is no reason to think an avowed commie would think you were smart to invest in gold and deserved to keep it.

I'm serious as a heart attack. These gold bugs will lose everything if the dollar collapses. If the dollar declines in an orderly manner, well maybe he will let you keep the winnings. Remember, you haven't actually won anything, you just have protected what you had. When we are in soup lines, you will have the dough to buy farms and other things to be the next wave of Robber Barons.

Now this is the "rosy" scenario. If sheite hits the fan, someone with an AR15 will rake your house, take your daughters innocence, and carry your gold bars back to his cave leaving you in a large gut pile wishing you had bought that Barett .50 cal with the gold plated trigger, bayonet lug, and flash hider.

The truth is, nobody knows. I would recommend commodity producers, if not the commodity. Oil exploration should do ok if we don't collapse. Some gold or miners should do ok unless the world economy collapses. With Citi and Many LARGE banks in trouble, ATT, who needs phones anymore? UNH and other health care providers in trouble, many large companies cutting dividends to try to stave off bankruptcy, I don't know of anything "safe" for widows and orphans.

I could suggest you "go short" or buy leap puts, if you think as I do, we are in more trouble than anybody can grasp right now. But what if we bounce on support? It has been my experience that bubbles go higher than anyone can believe, and busts go much lower than anyone can fathom. There is a saying that the market can go lower, longer than I can stay solvent. At some point, we will MOST LIKELY have high interest rates. If that happens, you will want to be in cash to buy CD's. But what about the mean time? Just by asking the question, you probably know as much as I do.

I'm day trading right now and trading strictly on charts. Don't fall for the crap that Obama is going to prop up solar and windmills. They will either make it or don't because the science works. Well, it doesn't work or the money would have already flocked there by now. They may get a bump when the Obama check clears, but that's just payback for the Siera club and will dry up eventually. Whatever you decide to do, do it small and diversified. Don't be afraid to admit you were wrong and bail out. Don't ride it to the bottom. Keeping what you have is half the battle in these times.