It's hard to say. Imagine economy is crashing, to stop capital outflow, CBA raised % (doesn't care about RBA), and asked you to pay 100k to cover negative equity. Would you go and buy some coins or BDR shares, and let your family starve on the streets? Or sell all your gold coins and shares and try to prolong suffering?
Gold is good when QE and money printing. When economy is not growing, but central banks are printing faster. Everybody is drowning in cash, but nowhere to spend - oversupply of houses, oversupply of everything - robots made 5 cars per person etc. then the only game in town is gold
