The important part to always keep in mind about gold is that the people who invest in it are as a group, always the most nervous investors. Which means that as an asset, when it drops, it very strongly tends to crash. Because if the people holding it were inclined to take a calm approach to fluctuating pricing in the assets they hold, they would not have entered gold in the first place. Gold investing is thus always a gamble that you can get out and stay out before the inevitable crash comes.