No, it's going up - vertically - as WW3 breaks out, we run out of gold, the DJIA crashes to 3,000, China buys a 100,000 tons of gold, and the USD becomes worthless.
All at once.
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as WW3 breaks out - Gold is used as a safe haven during times of extreme geopolitical risk. This is demonstrable.
we run out of gold - You can't wander out to a river and pick up big Gold nuggets like you could in many parts of the world in the 1800's. Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth’s crust. The truth of the matter is, when it comes to discovering new gold deposits, the low-hanging fruit has likely already been picked.
the DJIA crashes to 3,000 - Stock markets do crash.
China buys a 100,000 tons of gold - All the gold ever mined = 186,000 tonnes.
the USD becomes worthless - The USD has lost much of its purchasing power. Just look how many it takes to buy a single solitary oz of Gold.
gold, page-44172
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