My friend has a point, but they overlook the fact that in the early stages of a recession, investors need cash to replenish margin or make up for losses due to credit contraction and deleveraging, which leads to cash flow. For example, in the early stages of the 2008 financial crisis, gold, US stocks, and oil all fell together. It is often during the later stages of the Federal Reserve's interest rate cuts, when QE begins and the US dollar weakens, that gold will restart its safe haven rise. Of course, this does not necessarily mean that the current situation is a recession, but rather a prediction based on current trends, and my viewpoint may not be correct. To put it simply, gold is not the opposite of 100% and the US stock market. It's like selling a house to replenish margin and avoid overstocking. Gold is also an asset that can be sold during extreme market conditions. This article is sponsored by Bitget | @ Bitgetzh