Did you cash out today? If not, then you effectively have a 100% loss, because gold does not bear any sort of dividend. What if gold drops to $260 in the next six months?
I would rather have my money invested in something that has been valued everywhere for the past 2,000 to 4,000 years than pieces of paper (dollars, yen or euros) that are guaranteed by nothing and are being created (printed) at a rate never before seen in the history of the USA.
People that owned Enron at $80 or Global Crossing at whatever are broke now. Nobody will ever be broke owning Gold, although I will cede that it has been a poor investment for the past 10 years. Maybe you should take note on the goings on in Argentina and Japan right now. Fiat currency has failed everwhere it has been used in the history of the world.
Again I ask, how have your investment choices done lately?