Following him will make you avoid disasters. The road will extremely stormy in the next couple of years due to government and bank/large corporation defaults. The debt market is a lot larger than equity so its impact will be huge. Holding gold will allow you to retain your wealth in case the default happens and allow your to increase your wealth in case government inflate their way out. I am betting on the latter case so I own more silver.
It is better forget about making a lot of money but to keep your money.If we buy stock, buy company with good profit and dividend and in the sector people have to rely on.