In retrospect, his forecast was spot on when it comes to the price of Brent, which on Friday suffered its biggest one-day drop since the global financial crisis as OPEC+ disintegrated when Russia and Saudi Arabia failed to reach a production cut agreement.

But it's not all doom and gloom: while Currie is confident there will be even more blood across most commodities, there is one metal which he believes will be safe: gold "which—unlike people and our economies—is immune to the virus."