Two years ago, my parents planned to sell some antique gold coins to fund a new car. They asked me, “when is the best time to sell gold?” I told them, “during a crisis.” They wanted a car back then and didn’t have the patience to wait for a crisis to roll by, so they went ahead and sold their coins.

Two years later and here we are, in a pandemic crisis and news is blaring that gold reached an all-time high of almost $2000 per ounce. On the one hand, I was smug about giving them the right advice. On the other, it’s hard to overlook the opportunity cost. We could’ve had a third more…