To say IDC is wrong for you sand isn't correct, you can still have more speculative components in your portfolio. If IDC can prove up resource to 3-4 million ounces funding won't be an issue because silver credits may infer extracting gold is done at zero cost (IDC wont be mining for awhile and there is still much to do but the economics of the potential mine appear very robust.
More value in talking about the disconnect between POG and Gold stocks( Gold stocks don't mirror fluctuations in the POG. There is still plenty of reason to like gold (given likelihood of inflation). If your locking at gold stocks look at those that have low total costs and low levels of debt because creditors can call in debts during severe economic events.(looking at cash costs is a trap make you base decisions on total cost
Instruments like subordinate notes which give a fixed return might be useful but ensure they are from a trusted company( perhaps 11 of the major banks). You could withdraw from equity markets completely but even in GFC's individuals companies still make healthy profits and grow.
Just think and talk to your advisers to determine the level of risk you are comfortable with, very personal and different for everybody.
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