What goes up? - The number of bad debts. House repossessions, unemployment, asset disposal ( this could be why gold may not rise ), suicides.
If you have cash, then it may be a good time to pick up assets. For example, a house that is sold at auction,and needs some maintenance work could be a good buy. If you arrange a deal with a builder for the improvements to be a background job, then you should be able to get the price reduced. Of course, this means the job will take longer to complete, so you will have to consider possible loss of income if it is an investment.