Have you read this book? What are your thoughts on it?
I think a little gold for insurance or diversification may be fine with the realization that you may not profit from it. However, if you feel better owning a few coins or a small portion of gold stocks that is fine too.
Gold can fluctuate dramatically though. I would keep it to 5% of your portfolio or less.
If you are just starting to invest, I believe it better to focus on bonds or stocks than going into gold.
Do you think the book is correct or is just trying to scare people?