> People have claimed gold was a hedge against inflation and financial asset bubbles for a long time. Sometimes it is even true. It's hardly ever been true. Er

> People have claimed gold was a hedge against inflation and financial asset bubbles for a long time. Sometimes it is even true. It's hardly ever been true. Erb and Harvey wrote two papers on this and found gold isn't useful: * https://www.nber.org/papers/w18706 https://www.nber.org/papers/w18706 * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639284 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639284 Harvey's main claim to fame is his observation of the yield curve inversion occurrence before US recessions. > If there is a big stock market crash, then you just hold on to your stock throughout. Good investing fable that runs the numbers: > Meet Bob. > Bob is the world’s worst market timer. > What follows is Bob’s tale of terrible timing of his stock purchases. * https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ https://awealthofcommonsense.com/2014/02/worlds-worst-market... In the accumulation phase of your financial journey there is only one rule: * https://ofdollarsanddata.com/just-keep-buying/ https://ofdollarsanddata.com/just-keep-buying/