Yeah, it is, but I'm kind of split on gold.
I do think that gold will fall immensly in the upcoming debt deflation (if it goes like I think, of course. I can't predict the future...), because everyone will need liquidity so they will sell gold.
But.. there's always a bottom for gold and I do think it's smart to have 5-10% of your wealth in gold. It's the last frontier, nothing can happen to it. Just don't buy to make a profit in 3-4 years. Hold it, hold it, wait and see.