Just my feeling, but I wouldn't get into gold at this point, since it's about as high as it's ever been and its historical value is to follow the economy. It is, afterall, also an engineering/industrial material. In fact, if I had bought it at a lower price, I'd sell. Just me.
Personally, I've reinvested in my company stocks since we are a 'bluechip' company and we have a huge backlog of work yet, we're well diversified in our products and we seem to be either undervalued or about right on our current spot.
While I think those who believe there's always a market for quality collectables, I also believe they take a good hit with a hit to the economy of any length. The first thing people tighten up on is discretionary spending,IMO. Those cars and guns will come down if we keep on in this direction for more than a few months. Individuals who just paid $x for a collectable will always be in denial for as long as they can hang onto it, even though the market may have fallen. Recent purchases are probably best held onto thru this storm. They'll come back up with the economy, but those needing to liquidate a pricey collection, may be in for a hit in the near future. Like Kenny said; 'you got to know when to hold 'em and know when to fold 'em'.
