>>6101214 (Lb)
Agreed but not for individuals. Great for institutions, maybe to protect a family legacy (Think Roth’s covered in gold) but Gold has thousand year cycles, you can get caught on the wrong side of history and be wrong for a long time. It’s a good hedge to hold against a basket of equities or credit, but the biggest hedge it’s against is real inflation. And unless you think the deflation from demographics or the deflation from technology and amazon is going away anytime soon. It doesn’t make a ton of sense except for Rothschilds and Egyptians.