When the market crashes, gold's going with it.
Could be. But...
Keep in mind that we are entering uncharted territory. There is real potential for an economic disaster ranging from depression to anarchy. IMO, we are already in a depression that is being masked by *gargantuan* government spending, phony government stats making inflation appear as GDP growth and most importantly, the blind refusal of governments and markets to acknowledge the end game is near for borrowing and printing money as a means to growth, or even survival.
People should be defining metals as disaster hedges, not investments as such. They may go up or down now, but *if* the SHTF, it’s anybody’s guess what will be valuable. But I’m betting it won’t be paper money.