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Gold is good as a trade not an investment. It pays $0 in dividends and you essentially have to time it. I've never understood the gold trade from a panic perspective. It isn't like companies are going to simply go from accepting $'s to gold. There's no established commerce with gold and most people don't own any gold.
That doesn't mean there isn't money to be made in gold. It's trading up lately and peopel who got in are making $'s if they take their profits.
But from a global "panic trade" perspective if the day ever comes that US $'s are no longer any good anywhere you'll do better owning seeds and crops and livestock than you will gold.
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