I would put all my money in gold under current trading conditions but the only thing holding me back is the "de-moneterization of gold". i.e. central banks no longer use gold to back their currency and they would love to sell every ounce if they could get the current market price.
Long term my fear with gold is that it will end up like silver... the premium of gold being used like money will disappear as it did with silver... the price will eventually fall close to it's cost of production and more importantly the volatility will dissipate.
