With the stock market going down, and looking like we’re in a recession, will gold stocks do well?
In times of recession, the stock market going down, the economy slowing down and a weak dollar….is it best to put my money in gold stocks at this time? do they perform well in this type of environment?
If the FED keeps dropping rates, the dollar will continue to fall in value and that will trigger the price of gold to rise. Historically speaking, during recessions gold tends to hold its value better than the stockmarket.
Gold Update: It’s Time To Buy These Gold And Silver Stocks