Gold In a RecessionDon't be fooled by the recent downturn in the price of gold. That is about to reverse dramatically in the coming months as recession sets in.
https://elements.visualcapitalist.com/gold-during-recessions/
The recent downturn is the result of a strong dollar as people dump their shares for dollars. However, this is a very temporary move for the dollar as the dumping of shares will end. Also, international demand for dollars is evaporating and those dollars are finding their way back home.
In conjuction, the leverage to physical gold is declining with Basel 3 implimentation. Gold is now a tier one asset. Unallocated gold has to be backed by 85% cash. As a result open interest in the COMEX gold futures have declined to lowest records, delivery is being taken, COMEX gold inventory is declining. Banks and countries are amassing their gold reserves.
Hang on to your gold and gold shares.