<Get cash for your old gold.
Gold has never been higher so take advantage of this timely opportunity>
I'm affraid that kind of mentality is too pervasive.

It reminds me of 1980 when 'Joe' started to get on board quite late into the cycle and got stung when the cycle reversed. I have a relative who is still holding most of his gold from that time because he did not want to sell it at a loss.

I have another one relative that believes same as me, the rest look at me as some fringe lunatic who thinks the world revolves around him when I bring up the subject. The gold holder is often brought out as an example. So yes, history will repeat itself because lessons do not get learned.

Likewise, I meet for lunch every month with some of my former co-workers ( some are retired) and all are fairly astute fellows but none invests in PMs and only one dabbles in stocks. The reason for them not to take an interest stems from their life style being fairly comfortable so there is no excuse to hedge their fortune. By the time they wake up most of the opportunity will have gone by per my gold holding relative.