The price of Gold and all commodities will likely continue to rise as long as central bankers around the world remain accomidating in monetary policy. My guess is that happens for several more years. Interestingly, as they print more currency, all central banks are continuing to acquire gold in larger and larger numbers. As a personal investor, their should always be a commodity exposure in your investments simply due to it's negative correlation with other asset classes. But that exposure should likely be minimal. 3-5% based on volatility. Additionaly, stay away from buying physical gold. The storage costs are too high. You buy at retail and they buy it back at wholesale prices. It is very illiquid for the average investor dealing in smaller quantities. You are far better off with an ETF like GLD. Also stay away from Gold funds that invest in Gold stocks. You will not necessarily get an investment with a low correlation to other assets. Although overall, I would suggest a more broad based approach to commodities.