Fidelity Select gold is an excellent choice if you do not have the time or inclination for the stocks:
FSAGX up 5.85% today.
There are several other excellent gold mutual funds. I just own (as do all my kids) this one and like it. I sold in May 2001 my Select Technology Biotechnology and Developing Communications funds and put all proceeds into the select Gold Fund and thereby saved my rear end.
BTW severeal gold stocks have been exhibiting classic cup and handle formations-not just the metal. GG is just one example.
Anyway hope at least some of you guys can wake up. No man is so blind as he that refuseth to see.