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The best way to investing infold is to actually not have any. Investing ETF like IGLD, IAUI, KGLD. All of these fund use covered calls to produce income from the price volatility of gold. All will produce a yield of about 11% per year with monthly payments.
My timing wasn't the best either, but I bought IAUI and get paid a dividend to hold it. It's currently outperforming spot. Something to consider. I'd like to add a little bit more soon while the price is down. It's a good de-correlation tool, but if you're expecting it to go up, no one knows what it will do.
I would rather invest in gold covered call fund. These fund convert the price swings in monthly income. Storing gold at best costs you nothing or you pay secure storage fees. The sell you have two move the gold to a place that will buy it and they may not give you a good offer. or you pay afee for someone to do the selling for you. I prefer the gold covered call fund route. IAUI, IGLD, KGLD are examples of this funds and you can expect a yield of about 10%. It will go up and down a bit with eh gold market but should stay around that number. No need to store it or sell it.