According Paul van Eeden, the best buys now in the gold sector are microcap explorers with good management, while gold's fair market value is now well below $1,000. He sees a gold bear market continuing for another 3-5 years.
http://www.kitco.com/news/video/show/on-the-spot/307/2013-05-15/Gold-is-Over-Valued-Paul-van-Eeden---May-15-2013