Also, please remember that Gold is insanely volatile. While it has gone up 4x in 10 years, it's been a wild ride and you should not allocate a big % of your portfolio to it, unless you share Hathaway's conviction and his investing acumen.
John Hathaway: "We believe that the viability of the economic model of the modern democratic state is in serious jeopardy if there are finite limits imposed by markets on deficit finance. What is the alternative to tax and spend? We expect that disoriented politicians will soon gather under the banner of austerity. Of course anyone with a memory will not take such calls seriously. However, the bandwagon for belt tightening is likely to further damage the consumer psyche and strengthen the forces of deflation. This all leads, in our opinion, to the end of the dollar based reserve system for international trade and commerce. It could be only a matter of time before the dollar is sacrificed to the exigencies of domestic political pressure. This sacrifice would set the stage for a period of powerful inflation and further discredit for political leadership, financial institutions, and even social conventions. It is not too late to position gold, in our opinion."