Gold is not a recession hedge (long bonds are). It is a system hedge.

SP 500 returned 3% total from 2020-2025 when measured in gold. When measuring in dollars it returned 80%. Measuring in dollars is like measuring in Monopoly money

The Fed is poised to cut rates while inflation still runs 3 to 5 percent. Markets are betting on six total cuts over the next year and a half

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