If you have USD and you think it will value less soon, you change it to gold instead. If you own gold in the US and think that the USD value will drop very low, you move out of the USD fearing gold retention.

But there isn’t a good reason to think that since countries such as Italy, UK, France, and others are in much worse financial positions.

A lot of this stuff is just business as usual, and then tabloids like to turn it into some doom and gloom nonsense.