The commonly understood idea is that if the market crashes then gold will immediately surge. But a market crash sucks value, cash and liquidity out of people's (and institution's) accounts. People can be so busy losing money that buying a heap of gold might be the last thing they're thinking about. 2 weeks later, maybe. It's the world's oddest commodity. As a store of value it doesn't have much value in the real world. In a way, it's a fiat commodity. It relies on people's belief in its value. Interestingly, the people onsite at SBM aren't gold bugs at all. They were quite disparaging of it (the people I asked). I spent some time on site..
SBM Price at posting:
$1.25 Sentiment: Hold Disclosure: Held