I don't feel like I have enough money to hoard much of anything. As far as gold, I would stay away from it. It gets glorious coverage when it skyrockets to new highs and people wish they would have bought more gold. But it doesn't get much coverage when it plummets and wipes people out. It gets even less coverage when it sits for 20 years not doing much of anything. At those times, your money would be better off in common stocks.
So why not just sell the stocks before gold takes off an soars to new heights? Sounds simple. The problem is that it's not simple. Holy shit! Gold just doubled in 4 months. Better buy some gold, only have it drop back down to it's 20 year humdrum, and now you've lost half your capital. Gold is volatile, which makes it glamorous. But the volatility also makes it risky. Maybe the hoarders have it right. You own gold so that you can look at it, and say, "I love my gold. Look at all that gold!" As an investment, in spite of all the glamor, there's safer things to do with your money.
I've heard gurus refer to gold as a "hedge," but I don't like hedging, nor do I have enough to hedge against whatever needs hedging. I don't see the point.