Maybe.
I prefer silver bullion (I’m not rich), because in the event of a monetary collapse it is akin to smaller denominations, i.e. more spendable.
Back to gold, it may bubble out now, but as a currency collapse gets closer, and it will, you may view it differently. I am of the opinion that governments may be forced on to a gold or precious metals standard in order to make the paper currency usable.
You want to know the biggest ugliest bubble getting closer to popping? US Treasuries. We have the Fed printing money to buy the notes used to pay the interest on the money the Fed is printing and “loaning” to the federal government. The abject absurdity of this is so ludicrous that no one can bring themselves to admit out loud that the “full faith and credit” of the US government is not on par with a $50 hooker’s promises.
Something will have to back our currency, there is certainly nothing behind it now.
How about land? I saw two full busloads of Chinese people in Havre, Montana, last October. There's nothing there.....but farmland.
I don’t prefer bullion per se but rather junk silver. Silver American coins that are recognized as money and are in convenient proportional units.