What can investors do when equities are overvalued?

"When the markets are overvalued, overpriced and over-loved, where do we put our money? Where's the island of safety in an overpriced world? The one area that is outside the greedy hands of the government is the area of real money -- gold. Armies are defeated, economies unravel, stock markets crash, governments fall, fiat currencies fall apart. One island of wealth remains -- we call it gold. But to hold gold you need a long vision. Years can go by and a fiat currency like the dollar or the euro will be accepted by the people.

Large quantities of gold are for the rich. Only the rich can afford to hold meaningful quantities of gold, since gold pays no interest, no dividends. As a rule, the greater the risk, the more you will be paid for holding an item. Holding gold entails no long-term risk, which is why gold does not need to pay a dividend. Ironically, true financial safety is a rich man's game."