I own gold stocks, not the metals. I think that unless things get very bad indeed (worse than I am expecting) gold stocks will outperform the metal and remain safe enough. Should that equation change, I think there will be time enough to make a change to the metal.
Gold has been considered a medium of exchange for most of civilized history so it is rather unique among the natural resources. In a recession, most natural resources lose value with the possible exception of the other precious metals.
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