Basically if the dollar is down, gold is up! If it takes more dollars to buy an ounce of gold because the dollar has been devalued due to a drop in confidence, the price of gold will spike, as we have recently seen. The economic condition of the US and the world due to the pandemic, has dramatically shaken people's confidence in the dollar and other world currencies as well, Gold represents tangible wealth as well as a hedge on inflation that consumers can 'count on' to retain its value. People feel safer with gold than they do an unpredictable paper dollar. *A friendly security caveat on the gold buying experience: If you buy gold and store it, tell only one person, preferably a trusted loved one, the location you have chosen!
DJR Authentication is a premier buyer, appraiser and authenticator of jewelry, coins, collectibles, art and other fine goods, located in Mt Pleasant, South Carolina.