Last year, I purchased gold through bullion direct.com. I paid $843 for 1 oz (+shipping and handling) and yesterday sold it for $1050 (w/out shipping and handling charges). A 24.56% return for 13 months. I wish I had purchased more last year. I'm not certain that I would buy gold at the current prices. However, if it does fall below $1000 I would think about it.
I don't think I need to claim the capital gain on my taxes (question for my cpa). I didn't sign a w9 form or anything.
If you want additional discussion on this, please comment.