Is gold recession / depression proof?

Question

Will gold hold it's value?

Answer 1

Unfortunately, nothing is recession proof.

Gold is a favourite plan b amongst people when they get beat up on the market, so you'll often find that as the market goes down, gold goes up, however it doesnt mean that you can't lose money on it.

Personally, watching the price of gold skyrocket I've hopped on the train with a gold leveraged ETF but only modestly and I'll probably sell it fairly soon since I think gold will NOT hold its value, having at least one major correction in the next 5 years.

I'm definitely no expert but I would only modestly buy it for the next 6-12 months then bail.