So what holds value as a contra-asset in recessions these days? First person to say Gold gets spit on; I remember watching the stock market implode in 2008 and watching the value of my gold holdings collapse just as fast.
Some cash is nice, but even that's turning into crap, and slaves just don't cut it anymore....
When 2008 recession started, people panic sold everything, including stocks, gold, you name it. Sold everything into dollar. But soon after that gold made a nice rise. So when the real panic starts it could happen again. First gold dump and later a big pump.