recessions

In his first inaugural address in March 1933, President Franklin D. Roosevelt said: “So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself.”It was the Great Depression. The unemployment rate…

The above graphic uses data from Macrotrends to highlight gold’s price movements during recessions and compares it to changes in the S&P 500. Gold vs. the S&P 500 in historical recessions Gold’s value comes from its scarcity as…