Gold does well when there’s instability in the world and in the markets. Ultimate safe haven, no counter-party risk, money.
But if you look at the record, gold has a very, very long history of maintaining its purchasing power. While fiat currency has just the opposite history.
Lack of visibility and instability are now the norm in all the markets. I’ve been saying this for months on this site, the US$ and gold are the places to be in the next year or two.
