Maybe an inflation hedge? I just don't buy the relationship of gold looking for crashes to do well. I had another look at October 2008 a week after Lehman moment in September. It fell the whole month. Hazy memory but I think that was the month Treasury Paulson got his TARP to sterilized those banking toxic assets.
Markets are never predictable and some posters just like the logical doom talk. Be careful what you wish for.