Article Image

IPFS News Link • Gold and Silver

Don't Get Cold Feet: When the Economy Tanks, the Value of Gold May Briefly Plummet

• shtfplan.com by Daniel Lang

When a financial system crumbles, everyone moves their money out of the stock market, or any other risky asset, and they buy gold. Since our financial system is burdened with so much debt and is teaming with bubbles, its collapse is all but inevitable. So you should buy gold now while it's still relatively cheap.

Despite my tone, I assure you that what I've said is still sound advice. However, there's a small detail about safe haven assets like gold that most people forget. Sometimes, when the economy takes a nosedive, it takes gold down with it. Take a look at what happened to gold during the last financial crisis.

That shaded part represents our last recession. As you can see, when the recession started everything went according to plan.


PurePatriot