You’re not alone if you’re worried about a looming recession. But there are steps you can take to protect your wealth.
In particular, I’ve been digging into what happened to gold during past economic downturns:
2001 Dot-Com Crash/Recession: Gold gained 19% during the recession and began a decade-long bull run.
2008-2009 Global Financial Crisis: Gold demonstrated remarkable resilience during this severe recession, climbing almost 70% while most assets struggled. Even more impressive was gold’s post-recession performance – it continued upward for three more years, soaring a total of 130% since the start of the recession.
2020 COVID Recession: Gold initially dipped but quickly recovered. Over the following months as inflation concerns mounted, it kept climbing and broke the $2,000/oz barrier for the first time in history in August 2020, up over 20% since the start of the year.
What is particularly interesting is that gold’s strongest gains often come not just during recessions but in the recovery periods that follow, especially when those recoveries involve substantial fiscal stimulus, monetary easing, or inflation concerns.
Wondering why gold tends to shine during economic turbulence? Click here to discover the factors behind gold’s recession-era performance.