Half of your thesis is that gold is great because you don't have to do anything but sit on it and hold it, unlike stocks (we'll pretend that index funds don't exist in your fairy-tale world). The amateur investor can just buy and hold, no rebalancing necessary.
And then you turn around and, as investment advice, essentially say "The trick is to, without the benefit of hindsight, figure out what each next bull market is going to be, buy it at the bottom and sell it when it's at the top."
Fantastic fucking advice. Mind if I borrow your time machine sometime?
Half of your thesis is that gold is great because you don't have to do anything but sit on it and hold it, unlike stocks (we'll pretend that index funds don't exist in your fairy-tale world). The amateur investor can just buy and hold, no rebalancing necessary.
And then you turn around and, as investment advice, essentially say "The trick is to, without the benefit of hindsight, figure out what each next bull market is going to be, buy it at the bottom and sell it when it's at the top."
Fantastic fucking advice. Mind if I borrow your time machine sometime?