Gold is and always was hedge against bad things happening. If we are to experience a crisis, it will keep going up.

However I agree with one thing - hoarding gold is not gonna save your ass. It has no liquidity. How do you want to pay with it? If there is nobody to give you money for it, then it's useless to you at the end of the day.

Anyway, buying gold is still the best thing you can do. And buying real estate too.