You forgot the sarcasm tag.
The fever pitch of goldbuggery was pretty high in 1980 too. What happened to the people who were goaded and suckered into buying then?
Probably the same thing that happened to the people who were suckered into the NASDAQ in 1998, 1999, and early 2000.
Why can't you admit that gold is only 55% of all-time high?
I haven't denied it if that is what your are implying but I will admit it if it makes you happy... Gold is roughly 55% off its highs. It is closer to 60% though.
And since stocks are drifting around near their record highs, and gold is worth about half its record highs, how is it that gold barely outperforms stocks during your cherry-picked best-case scenario?
The S&P 500 is approximately 80% of its all time high right now. I don't think the most recent three years could be considered cherry picking. I would call it recent past. Gold is ouperforming the S&P 500 with dividends re-invested. It is what it is... the beginning of a new bull market in precious metals and commodities in general and the beginning of a bear market/consolidation in the general stock market.
Ah yes, but unlike you and gold, I'm not here prosthelytizing about the sanctified storehouse qualities of the stocks in the NASDAQ. Stocks v. gold is your comparison, not mine. (And by the way, it only makes you look like more of a salesman, not less.)