RE: $1500 goldDon't worry.
Once gold goes above $1000 things will begin to change.
When it reaches this level people will believe the run is for real. Gold will climb by amounts we probably can't imagine today once the frenzy starts.
Remember the dot com days? Remember how it all started? The big, well known tech names were the ones to go up first - DELL, CISCO, YHOO, INTC, etc. After a couple years of this the public started to go mad for anything with dot com in its name. It's typical mass psychology.
It will be the same with gold and gold shares. You'll notice Barrick, Goldcorp, Kinross, etc. are starting to move now. Once gold is over $1000 and the big producers have already moved the public, with limited resources available to invest, will look at the smaller, cheaper, more speculative shares because #1- they're cheap (usually less than a dollar) and #2- they'll see the price they once achieved in the past and think they just might hit that price again, and #3- haven't moved yet.
Besides, by that point they'll be fed up with the S&P500 shares they've been holding and losing money with for years and will want to dump those in favour of what's hot now - and that will be gold at that point.
You can try for the fences and maybe get lucky with a penny stock (or maybe lose it all) or go with a proven winner that hasn't really moved yet (at least not according to where it SHOULD be) - SVM.
It's your choice.
If they're saying $1500 gold then I wonder what they're saying about silver, which has a higher beta than gold.