Gold has the worst long term track record of any investment vehicle since 1801. It's entire gain has been made in the last 10 years, which is to say it's a bubble in itself so far. It might keep going up, more than likely given the decline in value of the dollar. I'd rather be owning real estate than gold at this point as a hedge against inflation. Nothing is paying a good return right now - even oil is dropping back down. So to say that gold is going to double in value from its current level is odd - there is nothing to support the increase in price. I think it will rise proportionally to the fall of the dollar, and if the dollar loses half it's value we're all hurting in a bad way anyway.
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