Gold has done very well over the past decade, but its price has plunged lately. In the latest installment of our "Ask a Fool" series, Fool contributor Dan Caplinger takes a question from a reader who wants an answer to a simple question: Is now the time to buy gold?

Fool contributor Dan Caplinger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.