Not a fan of gold. Seems too speculative for me. I’d rather ride a 2x index than gold. I didn’t own it at the time but I can’t forgot it going to 1900 an ounce in 2011 before it popped and dropped to 1100 an ounce and did not get back to break even for a decade. I see no reason why gold won’t eventually do that again - even if it seems very likely to continue to climb for the foreseeable future.
I can’t look at gold and know when to get out. At best I could only guess - and I fear that I would not make a wise decision to cut my losses (or bank my gains) when the time comes. No P/E ratio, no future earnings, no moat, etc. Nothing that I could use as I would the stock or bond market.