Assume you are talking about buying physical gold? It is definitely good if you have a long term view.

Look at gold futures for some indication of where the prices would be..it can be easily obtained from the nymex website.

I not a big investor but i do hold some. I would not rush to buy..Due to the credit crisis, even gold may sell off as people liquidate to offset losses elsewhere.at this point, my suggestion would be to dollar-cost average..buy a little at different intervals, particularly when you see some dips in the spot prices...

Lots of views on www.kitco.com. Good luck.