Looking at physical gold.
It becomes attractive in times of fear and uncertainty because, unlike money, it's not an IOU.
....
But then again, who knows, there could be another flare up of hostilities in the Middle east involving Iran and Israel. That might put a rocket under the gold price.
Isn't hoping for something bad to happen to create uncertainty thereby helping Gold price is more like speculating rather than investing? When it comes to your life savings and retirement isn't it better to put it in something with high probability of expected future returns than into something with no certainty of future returns?
Cheers,
Oracle.