And I'm a not-yet-rehabilitated goldbug.
That's pretty interesting. How many BTC have you traded over the years into Gold? (percentual over your current stash I mean, not real/exact figures).
All I know for sure is, over the last few years, GLD has been the single worst performing asset in my portfolio.
Sure.
But my question can also apply to you as another wealthy bitcoiner. Surely gold or any other traditional investments didn't have the ROI of BTC but...... maybe it contributed to the ROI of your Bitcoin stash.... How? Well, once you already have extracted/diversified enough into other assets (like gold) that you feel financially safe you can let your BTC roll without that much care than if you didn't.
My point is stable (bad performing) assets are another piece in the puzzle of financial safety. Or at least that's what I tend to think, but I like to hear more opinions about it.