Precious metals are not a typical investment... And really, they should be viewed in a very-very long term focus. They are not designed to 'make' you money, yet help you preserve the money you have accumulated.
The price of gold is currently being suppressed by many of the central banks from around the world... This has a lot to do with the fact that gold scares the banks as they have all engaged in massive monetary creation, called quantitative easing.
Historically speaking (and I'm talking 2,000 years to 4,000 years ago) Gold is the longest consistently used form of money known... And the current monopoly money (Whether USD, AUD, GBP or other) are nothing more than instruments of debt. Every 'dollar' for example is lent to the US government by the Federal Reserve, which is a Private Bank?!?! And every dollar must be paid back with interest.
What backs these dollars? Well, nothing but confidence at this point. Gold on the other hand is inherently valuable due to its scarcity... So if everyone stops being confident in the private banks that issue the dollars, or the dollars themselves, Gold will become more and more valuable (as will bitcoin and silver).
Right now, golds price is way down from its long run in the $1700 - $1900 range (part of the banksters suppressing the price) but this is really a HUGE buying opportunity for people with lots and lots of dollars laying around... Because if you have millions of dollars, you aren't earning money in a savings account, no money in CDs, the stock market is at bubble-like peaks... So where do you put your money?
In a treasure chest locked away in a vault in your SHTF shelter, I guess. lol.
Pay attention to what the uber wealthy are doing, not what the media is broadcasting!!!
And remember, nothing goes up in a straight line... All markets have ups and downs.
Cheers to the fellow precious metals bugs here at MMG! May you buy every dip and enjoy the fruits of your labors for years to come!