You can invest in gold very easily through GLD, an ETF. An ETF(exchange-traded-fund) is a mutual fund that is traded on the exchange like a stock.The GLD fund holds actual gold. And since they hold it, you don't have to deal with carting around wheelbarrows full of gold -- we all know how annoying that can be! :)
Peter Schiff has predicted the price of the DOW and the price of gold will meet at some point. Currently the DOW is at about 8,500 and gold is under 1,000. If they are going to meet there is a lot of bleeding still left in stocks... and/or a lot to be made -- or at least protected -- with gold.
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