Here is a chart of the ratio of gold divided by the S&P500. In this chart, you can see gold underperforming since 2011 (at its peak) and has been going down until it broke out this year. This chart here shows just how cheap gold still is relative to the stock market. For example, buying gold now not only reduces risk relative to the stock market but it also increases profit if stocks go up. If stocks go up, gold will go up more. If stocks go down, gold will down less or may even go positive. Right now, you can buy this an a strong investment, a hedge against stocks, and also purchase against inflation or future inflation. Yes recessions are deflationary and that could happen for next 6 month to many years, but with the government printing money, gold should go up. So there are many reason why to buy it, so enjoy the next 3-5 year gold bull market and buy the dips.