I'm old enough to remember way back when gold last made a big move. It was a loooooong time ago. I was but a precocious youngster in 1980, with no money to invest, but I read on investment newsletter written in an authoritative voice that gold had made it's long expected move. $5000/oz was in the cards by 1981 or 1982, that was dead certain! I actually advised my older sister to put the couple of thousand she had to invest into gold.
Thankfully, she didn't. Anyone who thought gold was an investment in 1980 lived to deeply regret it. For the next 25 years.
Cut to about 3 years ago. A couple of youngsters I worked with, each with $10k to invest, loudly announced they'd figured out a sure fire investment that would let them retire early. Yes, they each had decided to drop $10000 into gold bullion, bury in a safe place, and know they could retire in a decade or so. Gold was at $1800/oz, and headed for $5000 within a couple of years. The stock market was broken. They'd read it on the internet. I told them the above story. They looked at me like an old fool. Now each of them have $7000 worth of gold buried in their parent's back yards.
Warren Buffet is to be defied at your own risk.