...let me say this because I know. Most who are heavily in equities see no reason to be in Gold. Gold is the friend of the Bear, so they don't see any merit in investing in them. Plus no dividends, no interest and serves no function nor contribute to progress. Isn't that right?
...BUT we can be in both, OR we can choose to be in one and out of the other at certain points in time, meaning we should eradicate all forms of predisposition/inclination. Which side of history do you want to be? In an overvalued equity market that could crash and stay down for many years while Gold goes from strength to strength or exit equity at or close to the top and get into what could well be the next big gold bull market? Of course, not saying the Melt-up can't last a little longer.