during recession people will buy gold or sell gold ? isn't more people will sell gold for money to sustain their life and debts payment ? or rich people and country banker will buy more gold until currency devalued stop ?

1. The reason I like this ETF is that it is very easy for me to switch between gold to stocks.So if suddenly Maybank limit down, it's just 2 clicks, sell gold buy Maybank. Its much faster than transferring cash from a bank account to the broking account.

2. I regard Gold as the cash portion of my portfolio. I have cash MYR, cash USD and cash Gold. Both USD and Gold has outperformed KLCI year to date. I also have bonds, dividend stocks, growth stocks. This is called diversification. It's not a choice between 100% Gold vs stocks.

3. I don't agree a Gold is a temporary safe heaven. Gold is insurance when bad things happen to the economy. N bad things can last a long time (just ask the Venuezelans). Now, of course, when the economy is wonderful then holding gold will not be profitable, but in that situation, there are many things that can make u money.