As some people say, CASH is TRASH. This has proven true in India in recent weeks. Gold however is money.
A key thing to understand for all you non “gold bugs” (and I use the term lovingly) is that gold doesn’t so much go down or up in price as much as paper currencies gain or lose value relative to the value of gold. Gold is a steady Eddie and has been for millennia. Paper has a tendency to die an ugly death.