Over 100 million Americans have jobs.
You might want to fo some research on Japanese debt-gdp ratio on top of decades of deflation. Every time we get violent sell offs, they rush to Yen. Go figure, smart hedge funds must be dumb ass stupid to hide in a deflating economy backed ccy.
Again as recent as the initial and mid 2018 sell off, the safe haven gold status was logical but not the 1st safe haven choice. I will argue and have since last year that I want to see inflationary hedge of gold rather than market crash safe haven. It didn’t work in 2008 until tarp/qe utilized. Amen.
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