Is it good to buy gold in times of crisis?

In 1974 Richard Nixon allowed Americans to buy gold bullion again, after a 42 year legal restriction was placed on gold for private ownership. The price then was $150 per oz, and the rand was stronger than the US dollar.

In 1980 the Russians invaded Afghanistan and the price of gold reached $800. This laid the foundation for terrorism across the globe. $1.00 got you R0,83c.

From 1992, gold plummeted until it reached a bottom of $225 per oz – seeing a bear trend last almost 12 years. In 1986 the United States imposed sanctions on South Africa, and Krugerrands sales disappeared overnight. From being the market leader, the Krugerrand brand took a huge blow as the Americans were the country’s biggest buyers. R2,89 got you $1,00.

The bull market started in 1992 , but only picked up momentum leading up to Y2K when the doomsday era reckoned the world would fall apart.  

After 2000, the tech bubble burst, and IT shares were crunched because they were priced so high. 9/11 caused a tremendous panic – Wall Street and all world markets and the world went on lockdown.
Gold got more impetus from this seminal event in modern history. This led to war in Iraq, and the devastation and destruction and millions of deaths in the Middle East.  In 2002, $1,00 would cost South Africans R11,47.