If the price goes up the purchasing power of the currency goes down. Gold is always the first refuge of the nervous investor. It is NOT an investment. It is, at best, a hedge in uncertain times.
I would NOT recommending ever purchasing gold except that you take personal, physical possession of the gold. Do NOT allow someone else to 'store' it for you. The number of gold "shares" in the world is about ten times the physical amount of gold. If you are buying something for SHTF purposes, ammunition would be a much better choice.
WWG1WGA
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)