This pattern is as old as legal tender: gold is the contrary indicator of peace and prosperity.

“黄金是和平与繁荣的反指示剂”——这种模式和法定货币一样由来已久。

youdao

Although the adoption of Reaganomics and the end of the Cold War permitted huge gains in peace and prosperity in the 1980s and 1990s, the earlier abandonment of gold-based money has eroded those gains, in large part by allowing massive deficit-spending, debt monetization, and now the downgrade of U.S. debt.

FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt