Has gold entered bubble territory? Or is it the only remaining hedge against the lunacy of politicians and central bankers?

In the following video, Motley Fool analyst John Reeves talks with Million Dollar Portfolio advisor David Meier about gold and its place in the portfolios of ordinary investors. Dave will provide some useful advice on how to play gold in the current environment.

John Reeves and David Meier own no shares in any of the companies mentioned in the article.

Motley Fool newsletter services have recommended buying shares of Market Vectors Gold Miners ETF. 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.