$XAG Gold is surging on fears of a crash—but history shows it rarely pumps before a crisis.
It’s a reaction asset.
During the Dot-Com crash, GFC, and COVID sell-off, gold rose after stocks fell, not in anticipation.
Now, with fears over debt, AI bubbles, and geopolitics, many are buying gold preemptively. If a major crash doesn’t materialize, capital could be sidelined for years while other assets rally.
Rule: Gold protects after the fall; it doesn’t predict it.