Prices of investments will also go down - stocks certainly, although precious metals were traditionally recession proof, we've never had such a bull run on gold/silver in anticipation of recession. My guess is that it won't hold - I've heard that jewelers already refuse to take precious metals at anything near market value.

It's euphoria at this stage.

Ads from the World Gold Council are becoming very frequent, targeting consumers. That must mean something (looking for exit liquidity)