The problem is that, during a stock market crash, virtually all assets fall in value. However, gold and other precious metals almost always rise, making them a better option than many other investments. He explained that the printing of money from the Federal Reserve has maintained the economy until now. However, when the crisis comes, it will be worse than people think.

That means that gold is unlikely to return in the short term. For that to happen, the inflation picture would have to change, Patterson said.