If you don't believe in the "staying power" of the current bull in gold and equities of the same, IMHO, regardless of how attractive their prices may appear,they should be a very minor part of your portfolio.
If a "dip" in the market of 50% or less initiates sleepless nights, Canada Savings Bonds or US Treasuries are for you. Warren Buffett has made very similar rebuffs to those whose "courage" waivers in the face of short term adversity.
Jimmy Rogers emphatically states the tenure of this "bull" will be 17 to 19 years. Expect a few mid-life crisis!
With their new discoveries, and those yet to be found, SAN's mine life will no doubt exceed this "bull" by many years, running through its exhaustion stage right into the next "era," where the benifactors will be our grand-children!
Every fiat currency in the history of mankind has failed. Due to mismanagement of their credit based existance many are on the brink today. There are non that are "fool"-proof!
The run-up in gold has been in great measure a lack of confidence in paper.
How long can "paper" maintain the upper hand considering the uncertainty of global financial health!
"The end may be near but we ain't near the end!"
RUF