bombmaniac-
I recommend that you go to site usagold.com, and check out real-time gold prices, historical gold prices, and recent price trends.
Here are my main issues with your plan:
1) Be aware of the risks involved, including volatility. Over the last four weeks, gold has fluctuated from $1,700 to more than $1,900 an ounce.
2) Look at historical performance of gold and other precious metals.
Historically, diverse indexed funds have performed well.
Whichever way you decide to go, hatzlocha raba.