Only a miser would want to own gold - the cogent investor owns gold mining stocks!
The article is dead wrong about "increasing mine production", except within the period 1850-2000, which is handy info if you are planning on travelling backwards in time.
He's just another tout, but for his own brand of triple-x snake-oil, just like the clowns exploiting the run-up in gold and other metals.
Not to mention real estate, insurance, munis,...
The fact of the matter is that the world is demanding more metals but NOT mining more. Repeat - NOT mining more!
Maybe in 5 years, but not today.
Make your investment decisions accordingly.