To answer your question directly, versus trying to convert you to some ideosyncratic idea of perfect investing...

I think this is a consolidation period for precious metals.  In time, it will go back up again.  Worldwide, inflation is a serious problem.  VERY few central banks have shown the courage to do anything about it.  The Fed is all talk, no one believes they are going to raise rates. 

Also, we have some serious financial dislocations that are just now being meaningfully addressed.  We are going to have a few more bank failures.  The housing market is a mess, and corporate earnings are getting hit.  Frankly, aside from some commodities, its hard to find an asset class that has reasonably sound long term fundamentals except for precious metals. 

Hang in there.  It may take a year or two, but the price of gold will go up substantially.