There seems to be a lot of uncertainty about Gold and the dollar lately. I've pointed out in the past that trying to time the metals is pretty difficult. These are thin markets, especially silver. If you are someone that freaks out if they don't spot the exact bottom then you are going to probably lose money during Golds bull market.
At times like this I always return to the fundamentals. First: is there anyway way the US can possibly pay for two wars?
Is there any way the US can pay for Social security as the baby boomers start to retire in force?
Is there any way the US can pay for Medicare?
There is no way for the US to "grow" its way out of these problems. As long as this fundamental truth remains the dollar is going to remain in a long term bear market and gold is going to remain in a long term bull market.
Where ever you decide to take your position the bull will eventually cure any timing mistakes you make.
When the Dow:Gold ratio approaches 1:1 then it will be time to get nervous on the long side of Gold.