Ray Dalio has been recommending gold... not in a "put all your money in it" manner, but more like "put 7-10% of your portfolio in it" as a way to protect against the market movements that are bad for both stocks and bonds, which in turn apparently tend to be good for gold.

I don't know if this is that situation though, or if this is part of what he calls "pushing on a string".

It's hard to make sense of all this. Supposedly, every 75-100 years there are Big corrections, but I thought the idea was that that was what we went through ten years ago, with the debt crisis and the "beautiful deleveraging" etc. So if that's true we're more looking at a run-of-the-mill recession coming at some point. But on the other hand maybe that crisis ten years ago wasn't actually the Big One.