As retirement approaches, investors over 50 are reassessing their portfolios amidst inflation and market volatility, leading to a renewed interest in gold as a stabilizer. Guidelines suggest keeping gold investments between 5% and 10% of the total portfolio, with alternative approaches like the inverse age rule recommending allocations based on age. Retirees should also consider income needs and ensure liquidity before investing in gold. Additionally, the type of gold investment impacts allocation decisions, balancing physical gold with more liquid options like ETFs and mining stocks.