Gold is a gamble not for the faint of heart. I would NEVER invest in Gold, NEVER.
If Gold drops another 20%, I will buy some ETF funds in Gold with strick stop loss ordera. It will not exceed 5% of our total investments.
If the rats regain power in congress, I will buy as much gold as we can get to match our CD's and money funds. I will own zero $'s of any American stock and very few foriegn stocks or ETFs.