If you can do so without taking too much of a penalty hit, it may be a good idea to convert some of that 401K into commodities precisely because they are so low.
Remember, you don’t invest in the commodities (gold, silver) to turn around and sell it for a quick profit. You invest in PMs as insurance against a crashing currency. In short, it preserves a chunk of purchasing power.
I waited too long to sell my energy fund and now I’m stuck. Maybe I’ll shave off a little to cut my losses.