Gold actually went down today... But, yes, it's a great way to make some cash. I just talked to my Mom a couple days ago and she said she turned in some of her old sterling and gold jewelry. Silver is WAY up these days too. She was able to get a new stone and fix one of her favorite rings (it was getting thin)... she still walked away with some nice change.
Personally, if you have any chain jewelry in gold or old rings and such, I would keep them. They will only increase in value, and you can use them as pseudo-currency when shit hits the fan.
