In bear markets, all the goldbugs come out and do their "I told you so" dance. Then when the economy picks up, they all say, "gold is set for a big rise"...and they do that for 7 years until it finally happens and then they say "I told you so" again.
I worked closely with a few gold bugs for about 15 years and they were annoying as !@#$. Like a guy who goes to the casinos, they claimed to always be making a killing in gold, and yet the price of gold is usually pretty steady and the casinos seem to make money--so someone's lying.
If you own gold right now, it's a nice safe place to be. If you're like Chef and me, you stick with the balancing method and weather the storm, knowing that now's the buying time and soon (we hope) will be the growth time.