Sprott likes gold!Sprott's got some advice for you,
https://www.reportonbusiness.com/servlet/story/RTGAM.20080822.wtakingstock0823/BNStory/SpecialEvents2/home
Apparently Sprott is renowned
'for identifying the next big thing early, riding it up and switching gears skillfully. Last year, coal was the juicy play, and he still likes its prospects. And this year? “If I had to guess, I suspect it's probably going to be in gold.”'
However, since he's down 30% in only 3 months, you might want to take his advice with a grain of salt.
Here's the thing: Gold doesn't create wealth, businesses do. Buying gold is like trading baseball cards, but not even as good, because they're not making vintage baseball cards anymore, whereas they're digging up gold all the time. On the other had, good businesses are revenue producing, income generating entities. And dividend payouts are one demonstration of this, and growth is another.
There's nothing wrong with commodities, but personally, for long-term security I prefer commodity companies that make money from commodities that people truly need, and with revenue growth that includes business growth, not just windfalls from the spot prices of the commodities.