Gold - Some people are "calling the bottom" but why not wait

I have seen some recent analysis that Gold is at or near a longer term bottom. Great, if that is the case, but I will wait to see some price action to confirm. Catching falling knives isn't a very good approach to trading. I see Gold and Bitcoin as hedges against poor government policy.. which is about the only sure thing in this world besides death and taxes ..Poor Government policies. In Elliot wave terms, we have lots of overlapping waves, indicating, generally, that the movement of the last year plus have been a correction to a long term bull market.