my reasons to invest in it

the blind are leading the blind.

noone knows what's around the corner - even overnight.

hence in my opinion, the need to hold some gold as an insurance policy.

I therefore dont worry about the day to day gyrations in the gold price - I just see the need to hold some.

No one wants to claim on fire insurance, but they still protect their homes and contents.

Same thing.

A 5% allocation in gold or good gold stocks is not excessive - it's part of a balanced portfolio in a risky world.

Too many on this forum are worried about what the price of gold is doing - I'd be worried in not holding gold.