In times of economic collapse, you can count on gold to keep its value. That’s the view of investors known as goldbugs, and during a week when stocks have collapsed and global markets are losing faith in U.S. Treasury bills, their ranks are likely to grow. But is the popular notion of gold as the ultimate safe haven actually true, and is its value holding up during the current financial turmoil? The short answer is: Yes and yes.
Indeed, a look at recent prices suggests gold has held up better than ever as President Trump has whipsawed the global economy by imposing sky-high tariffs. It crossed the $3,000-per-ounce mark for the first time on March 15, and has climbed even higher since, moving over $3,200 on Thursday. Anyone considering buying some, though, should understand how exactly gold performs during a crisis, how you can go about acquiring it, and why—as with any investment—there are certain drawbacks that go with it.
