This time it's different - Is it Gold this time?

“Our research makes clear that to achieve true diversification an allocation to an outright position in gold provides benefits that cannot be replicated simply by investing in a wider commodities basket,” says Juan Carlos Artigas, investment research manager at the World Gold Council (WGC). “Gold should be viewed as a separate, distinct asset class, and a foundation to a well diversified investment portfolio,” Artigas says.

Well, I do not know much about future price of anything. It is impossible for me to predict the future, except that I know what date it will be tomorrow or even the day after or the next week or the next year.

However, what I know is a little bit of history and what some sages have said in the past.

The statements mentioned in the first paragraph remind me of the words of the investment sage, Sir John Templeton. He said, "The four most dangerous words in investing are: 'this time it's different.'"

The exact words are not used above, but they sound quite like, "This time it’s different.”