Gyroscopic Investing

According to this clown, there are four types of investments to avoid:
https://news.fidelity.com/news/article. ... =investing

Guess what he thinks counts as a "high-cost investment"? You get three guesses, but the first two don't count.

Plus, I prefer betting on the human imagination rather than on things. The payoff for a new software invention, for example, tends to exceed the transitory profits from the ups and downs of the price of corn or copper. What’s more, commodities are volatile, and they pay no dividends. I have always detested gold in particular—except as jewelry.

Now that sounds like a sober, level-headed piece of advice.

Pointedstick wrote:

Plus, I prefer betting on the human imagination rather than on things. The payoff for a new software invention, for example, tends to exceed the transitory profits from the ups and downs of the price of corn or copper. What’s more, commodities are volatile, and they pay no dividends. I have always detested gold in particular—except as jewelry.

Now that sounds like a sober, level-headed piece of advice.

Yes, and he has such good arguments for it too!
But even stupider, if possible, is his claim that gold is a high-cost investment. Compared to what?

What a herb. Gold is my least favorite asset in the PP. But what I do grasp, and he clearly doesn't, is that gold is not a productive investment. It's insurance. You own gold because sometimes in the real world extremely bad things happen and they rarely make appointments. Gold is just cash in its purest form.

If you own gold, especially physical, and assuming your not in debt, you are not going to starve or end up homeless in case of a disaster.