Stocks may be selling off, but Aaron Task says gold is glittering.

Once again sitting in for the vacationing Jim Cramer on

RealMoney Radio

, Task told listeners that Friday's selloff is due to

Dell's

(DELL) - Get Report

lowered guidance and may not be the end of the world. Still, it's a good opportunity to look at gold prices, which have been heading in the other direction, up more than 5% since last month to $445 an ounce.

"Armageddon is not around the corner," said Task, co-executive editor of

TheStreet.com

. "However, gold is a safe haven against financial distress and should be at least 5% of an investor's portfolio."

Task reminded listeners that people have been flocking toward hard assets such as real estate since the bubble burst, and people need to remember that gold is also a hard asset worth picking up. When everybody is buying gold, said Task, then it's time to leave, but "we are nowhere near that point."

One way to enter the precious metals is to buy gold coins and put them in your safety deposit box. Another method is to buy shares of the

streetTracks Gold

(GLD) - Get Report

exchange-traded fund, which mirrors the changes in the price of gold.

Real gold bugs may also want to buy large-cap mining stocks such as

Newmont Mining

(NEM) - Get Report

and

Placer Dome

( PDG). More speculative gold plays include smaller-cap, "momentum" names like

Glamis Gold

(GLG) - Get Report

,

Meridian Gold

( MDG) and

Coeur D'Alene Mines Corp

(CDE) - Get Report

.

Yet another way to get into the gold game is by purchasing a mutual fund like the

(TGLDX) - Get Report

Tocqueville Gold fund, which Task owns personally.

"If you get a pullback in gold next week, then you should take a look at gold," said Task. "Think about a pinch of gold for your portfolio and don't panic."

Task Wrestles Bradshaw

Task's special guest was John "Bradshaw" Layfield, professional wrestler and stock guru. Layfield professes to be "a buy-and-hold guy who buys on dips, not a heavy daytrader."

And unlike his aggressive wrestling persona, Layfield describes himself as "timid when it comes to buying stocks."

Bradshaw's pick of the week on the

WWE

Web site is

Wal-Mart

(WMT) - Get Report

. Bradshaw says Wal-Mart has been successful fighting the unions and will continue to be. It has also shown a strong ability to expand. "They just do a better job than everybody else. They are a cash cow that will continue to keep growing."

Bradshaw also likes oil shipper

Tsakos Energy Navigation

(TNP) - Get Report

.

"They have 25 double-hulled oil tankers and will add 13 more," said Layfield. "Shipping capacity is dropping, so this company is well-positioned to take advantage of that, plus they have a big dividend to tide you over."

Layfield, a native Texan, also shook off today's selloff in Dell, advising listeners to buy shares on the dip.

"You don't bet against Michael Jordan in basketball and Tiger Woods in golf. And you don't bet against Michael Dell when it comes to computers."

Layfield likes

Bank of America

(BAC) - Get Report

now that it is coast-to-coast and sporting a nice dividend. "It's been dead money for a while, but it's good now."

Task and Layfield like almost all the drilling companies with energy now at a premium; that includes

Superior Energy

(SPN)

.

In response to a caller, Task said he would buy

Motorola

( MOT) on weakness as a long-term holding. Layfield also likes the cash-rich tech sector, especially companies such as

Microsoft

(MSFT) - Get Report

which have no debt.

Aaron L. Task is the co-executive editor of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He invites you to send your feedback to

atask@thestreet.com.