That is really incredible and shows you that even the St-Gaudens are tied to price of gold. If I were going to invest in gold I would buy the gold mining stocks which are really depressed now. If demand goes up the mines will crank up again and the stock price will go us and you are not hold the bag for a lot of physical gold that produces no dividend or interest and can fall a long way in a short amount of time. Just from thinking of late 70's and early 80's when inflation went crazy we have not seen gold prices like that ever again. I guess gold is the ultimate hedge but if just does not produce income. It costs money to store it and think of selling it wholesale to some broker.