Gold is not an investment. Gold is not a hedge against fear or a flight to safety, gold is not to be treated as a reliable hedge against stock market corrections. Gold is a hedge against protracted bear markets that are underpinned by FIAT debasement damaging corporate earnings. And gold is something to trade. Finally, Gold is not officially money. That is to say gold is not money by FIAT (order), but is de-facto money in government hands. It is also the only universally accepted means of exchange across nation-state borders. It is a store of wealth
Golds is money that is all. Gold is not currency again… yet
https://opportunistictrader.com/wp-content/uploads/2018/11/GS-Gold-Portfolio-Diversifier-30-Oct-2018.pdf