Gold is a Safe Haven
In times of financial turmoil, when our faith in financial institutions - including the government - is strained, the value of gold tends to go up. You'll note that times of significant difficulty in the world tend to cause gold prices to increase rapidly. They are also likely to fall when relative calm is restored. Nevertheless, gold represents a portion of your portfolio that will increase in value at a time when your other investments are being battered and you're in need of a safe haven.