50oz of gold :)

Well, there's 2 reasons why one would own gold: one of them is trying to make a profit like you just described. The other reason is to protect your wealth against inflation.

If your objective is to protect against inflation it's much better to buy a mix of commodities... that way you will be protected against inflation equally well, but your risk will be minimized... or just buy "Treasury Inflation-Protected Securities (TIPS)", and get protection against inflation with practically no risk...

so lets be real here, almost no one buys gold for protection against inflation... they say they do, but they buy it to speculate hoping the price will really go to $5k/oz... :2 cents:

Not true but obviously gold is more mainstream and lot of people think that way. Investors though, are generally taught to always keep some gold as part of a diversified portfolio and also inflation hedge.

On the gold mining stockmarket listed side, I like Gold corp (GG) and Yamana gold (AUY).