If he's smart he's quietly waiting for it to fall more and dollar cost averaging in as it does and pouncing when it hits bottom. The notion that all this fake paper money won't cause inflation is far more dellusional than even the most myopic gold bug. This is also something widely predicted by most rational prescious metals proponents. The QE's haven't begun to hit the every day supply yet, the "wind down" is a very minor joke even if it does happen and we haven't even seen money printing compared to trying to pay off our soon to be 20+ Trillion in debt (and rapidly rising with higher costs in the government health care takeover and mass amnesty coupled with chain immigration, etc) when interest rates are rising, creating the need to print even more money, all of which starts hitting the streets as its printed and dumped on itself to put out its own fire.

Gold isn't the only hedge either by the way. There are other metals of course, as well as other commodities and even stocks more closely tied to real wealth and value rather than hyper optimistic quarterly projections and false optimist patriotic economics that just won't work in the long run.