I am also not an expert on gold prices, but when I look at gold vs. real estate, I see myself being able to make significantly more with less risk by investing in real estate, thus, it is my investment of choice at the moment.

Trying to figure out our best choice to tax shelter our forthcoming profits for sells lots we have subdivided from our primary residence.  

Be that good or bad, the choice is yours.

About choice...

I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward.

Always check the numbers provided by the seller whether private, wholesaler, flipper or turn-key.If you are handy and able to do the work yourself, Home Depot has some very good flooring choices for sub $1 / sf pricing.  

Success is a process, failure is a choice

@Vincent Park  all excellent choices for TK purchase.. one thing to note is that your requirement for high returns and your requirement for big appreciation those are oxymoron's in almost all markets.. you will get one or the other.you could have gotten both if you were buying in 2009 to 2011 .. but not today... at least not to the extent you may be hoping for.

A fund that has averaged 8% over the last 10 years is a far better choice for your goals than a fund that has averaged 18% over the last 3 years but looks like a roller coaster on the 10 year chart. 

Go with your gut.If you decide real estate is your choice, then take your time and make wise investments.That's what I would do.Good luck to you!