Here is a chart of gold from 1975 to present.
It seems that those thinking of trading gold now are very late to the party. Granted there are differing views on how long the party will go on, but you'd want to think very hard about whether you're joining the dumb money herd.
And for the buy and holders, note gold has returned roughly 4.5%/yr since 1975. And that is using a generous pair of endpoints.