Is the Stock Market Overheated?

Tom O'Brien is the host of a subscription group call on patrion oof, the vigilance lete. He gives each guest an opportunity to ask him a question and i pick one. Tom asks eric prence where he invests his money in today's turbulent world. The stock market seems certainly over hiped because of the amount of liquidity that's been pumped into society. But gold has for millennia been a valued medium of exchange, and it's never been worth zero. And so having part of a portfolio in a hard currency like gold or some mo even, say, in brass, or in loaded ammunition components could be a good hedge.