When an economic crisis occurs, gold prices increase because it’s considered a safe harbor, protects investors from rising inflation, fiat money can drop in value, concerns arise over the country’s debt and shortfall budget and many central banks purchase lots of gold. Since these things are happening, investors turn to gold for its liquidity and price keeps rising.

Of course, this isn’t merely my personal opinion, it reflects a global pattern in which countries back their economic reserves with gold, and that has kept the traditional mindset of preserving capital very much alive.