Gold works in a recession
Gold works in a recession
One of the best ways to trace a market in a recession is to look at the S&P 500. This is a good indication of how companies, over a number of different sectors, are performing. Below are the results from 8 different recessions that have occurred since the US Dollar was taken off of the gold standard.
Conclusion
1. Notice that the length of the crash doesn't make a difference. In 75% of all market recessions, the value of gold has increased significantly. Therefore, it can be assumed that holding gold during a recession is a good idea.
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