Gold has been a safe haven for assets for as long as it has been around. It has never been worth nothing and is always going up due to a constant drop in supply. Gold is typically a hedge against inflation or higher risk stocks. Gold bullion is a very attractive investment due to its tangibility.
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Study the art of Gold investing. Learn how to invest and when to invest in gold by taking a class in investments or joining an investment group that shares ideas. Gold is one of the most consistent winners long-term, but it is also capable of big moves in the short-term. If you know when to buy, Gold can be a short-term and long-term investment.
Wait for the drop. Many people don't pay enough attention to the price of gold, they lack the understanding of its commonalities with other investments. They don't understand that inflation causes a rise in gold and deflation causes the price to drop. Study the patterns and common gold prices and Buy gold when it's at its lowest levels. You can do this because you can be sure that Gold will inevitably go up if you simply wait. It's not like other riskier investments that often hit a bottom and never come back up. You know Gold is always coming back.
Buy Gold Bullion. Gold Bullion is different from gold stocks because of its tangibility. Gold bullion is basically a brick of gold. You can store these bars in a safe deposit box. The reason Gold bullion is more attractive is because it's more of a safe haven than gold stocks and you can always get something out of it.
Sell when gold hits a high. This may seem obvious but people still don't do it. They always think gold has room to run. The main reason for buying gold is that it's more of a consistent profit. That doesn't mean that you should keep it forever. It's always good to take the profit while it's there. It may be a long-term investment, but that doesn't mean you can't make a significant amount of money by selling it and re-buying when the price drops.