CNN Money: Don’t Put Your Retirement Savings into the ‘Risky Bet’ Known as Gold!

CNN Money has released a special recommending retirees avoid investing their retirement funds in gold, which is ‘far too volatile‘.
CNN says ‘gold isn’t a place to put money you can’t afford to take a loss on‘ and concludes by stating ‘Bottom line- we can’t wholeheartedly recommend gold for your retirement savings.  If you really feel that you must put some of your retirement savings into gold, make it a small bet‘.

So let’s get this straight: holding physical wealth is a ‘bet’, but purchasing government, state, and municipal bonds ahead of the looming fiscal cliff is a sound investment decision?