Whats with this obsesion of eating gold a lot of paperbugs have? You can not eat paper neither (well, you can but you get me) and they defend it as money. If you want to eat get food, money is not for eating, money is a mean of exchange. Why would you want to eat money?!?
There are a couple species of goldbug:
The common variety is what you see here: people seeking a stable value store with a predictable supply when the central banks are making unsettling moves. Some see intrinsic value as a source of stability. I see it as a floor with little relevance at current prices; as such I prefer to think of it as a fixed-supply decentralized currency rather than a commodity.
The second type is the sort who are planning for post-apocalypse scenarios where fiat is dead and day-to-day trade is done in gold. "You can't eat gold" points out that rice, .223, bleach, and antibiotics will be much more reliable commodities.