buy gold backed securities
You replied to someone else, but if you meant it for me; No, I want stuff I can roll around in ;-)
Most people are using the Exchange Traded Fund "GLD" for that purpose. The miners have all gotten crushed.
The advantages to an ETF are rapid liquidity (trades like a stock) so you can hedge a portfolio or play price fluctuations without wating for a big chunk of metal to come via Fedex. You can also put stop-loss orders underneath an ETF, so if it reverses you will get out. ETFs also can be used for covered call writing to produce an income stream.
Anybody who wants more info, PM me. As I am regulated by the SEC, I will not give buy/sell advice over the net, but I will explain strategies that can be employed in general terms.
If you want to know what to do for your own situation, we will have to talk on the phone.