Gold tends to gain value when people lose faith in banks and money, as it did in the Great Recession.
Earlier this month, the gold contract for April settled at $2,126.30 per ounce, the highest level since the contract's creation in 1974.
Gold, nostalgia and the end of the world...At the heart of people's apocalyptic fantasies is nostalgia, Berger said.
When everything else is going down the tubes, gold is the one thing that's likely going to do well.
Trump has called for returning to the gold standard and, at least at one point, owned up to $200,000 of the metal, reports found.
Persons:
James Berger, William Bernstein ,, Bernstein, Berger, Hay, William Bernstein, Donald Trump's, Trump, Vladimir Putin, Ethan Swope
Organizations:
Yale University, CNBC, NBC, NATO
Locations:
United States, Russian, Ukraine, Gaza, Aguanga , California