Columbia,

I haven't been suckered into the gold bubble. However, it's not a bad idea to own some precious metals, maybe 5% of overall portfolio in a precious metal position.

As to the call selling hype, selling covered calls is a time honored, successful investment strategy or tool that can be employed across a universe of investments. It's an exceptional investment tool in a bull market.

If you don't understand how to use this tool, educate yourself. I have done exceedingly well and couldn't be happier.