Gold thesis

• Negative real interest rates
• Increasing money supply in the economy as the FED goes in with a bazooka
• Dollar devaluation 
• Probability of inflation in the near horizon
• Chances of another shock to the stock market. Gold is the flight to quality trade
• A lot of bad outcomes are still possible due to COVID (like bankruptcies)
• Inflation in asset prices
• Helps to diversify asset allocation (all weather portfolio)

Historically Gold prices almost doubled from 2008-2011 during the great financial crisis