What we do know.
1. Gold is an inflation hedge that we know.
2 In a recession the gold price falls.
3 In a recssion gold can be stagnant for many years.
4The two biggest rises in the gold prices is due to inflation 2011 and 2020.
5 A slowing economy from high inflation results in steep fall in the gold price.
6 The world is top heavy with debt, so unlikey another bailout like 2008 and therefore less inflation and a lower gold price.
7 In a recession high cost miners become less profitable as the gold price falls.
Consevative price target 75 cents to $1.04 approx, page-24
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