Gold has recently surpassed $3,000 and is projected to reach $5,000 and eventually $10,000 due to increasing government debt and inflation concerns. The historical performance of gold suggests significant volatility, and while it serves as a wealth preservation tool, its lack of yield is a drawback. A strategic approach may involve allocating a small percentage of a portfolio to gold while identifying higher return opportunities elsewhere. Gold's long-term risk-reward profile remains compelling, yet investors must be cautious of its previous performance and inflation-adjusted returns.