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@Hoss Very yes. Unless you want to endlessly save money with very little yield. Even the most glittering gold bug who ever promoted doubloons in Germany's most major lolbert zine suggested 1/3 gold or silver, 1/3 mutual fonds and 1/3 cash to squeeze out the most value out of what's left of the free market.
What makes commodities interesting is the short squeeze. You can make a LOT of money in a short squeeze, as we have recently seen.

But the thing about short squeezes is they do eventually end, and you need to be smart enough to take profit.

OR, you don't value your portfolio in USD but rather in Ounces or BTC ("true believer"), in which case who cares, everything just got more expensive but now you're getting paid more ¯\_(ツ)_/¯