A lot can change in a few short weeks. From farm states to gun-wary suburbs, the economy isn't the only issue driving political decisions this cycle.
A search through my Bloomberg shows that a decent amount is owned by indexed bond funds based in the U.S. And there they are, lurking in your IRA.
With the yield of zero, gold has a higher yield than bonds. And if you store the gold, you now have a lower cost of carry than you do on bunds.
He is known for his distaste for holding on to large hordes of cash. As he famously stated in his 1998 letter: "Cash does not make us happy."