Yes. This agrees with what I understand reading from the gold-bugs. Gold is protection against recession (never understood why). Even gold bugs do not buy gold thinking investment in gold will double every so many year. But, I think what you said some time ago makes sense. One should develop an understanding of equity market movements that is where gains are. At the end of the day, it is what a person understands better that works. I find the equity market tricky. @hanera is an expert.