Yes, I agree that gold is a hedge. But it is a hedge against inflation, not recession. Gold goes flat in a recession. Thanks for the condescending lesson, though.
Gold does NOT go flat in a recession. In fact, the only two “recessions” it was flat in, were the the two “recessions” caused by inflation caused by surges in the price of oil caused by the two Persian-Gulf wars. In other words, if you sought gold as a hedge against inflation, you lost out. In every OTHER recession, you made out.
But yes, if you get your financial advice from con-men on conservative talk radio, you’d certainly learn that gold is a hedge against inflation.
(Keep in mind that those con men telling you to buy gold are trying to sell it themselves.)