However, if you look at what he says about Gold and silver… It doesn’t hold true. Here is some data I think you should check out.
1973–75 recession 1973 Nov 1973 – Mar 1975
A quadrupling of oil prices by OPEC coupled with high government spending because of the Vietnam War led to stagflation in the United States.[38] The period was also marked by the 1973 oil crisis and the 1973–1974 stock market crash. The period is remarkable for rising unemployment coinciding with rising inflation.[39]
1980 recession 1980 Jan–July 1980
The NBER considers a very short recession to have occurred in 1980, followed by a short period of growth and then a deep recession. Unemployment remained relatively elevated in between recessions. The recession began as the Federal Reserve, under Paul Volcker, raised interest rates dramatically to fight the inflation of the 1970s. The early '80s are sometimes referred to as a "double-dip" or "W-shaped" recession.[30][40]
Early 1980s recession 1981 July 1981 – Nov 1982
The Iranian Revolution sharply increased the price of oil around the world in 1979, causing the 1979 energy crisis. This was caused by the new regime in power in Iran, which exported oil at inconsistent intervals and at a lower volume, forcing prices up. Tight monetary policy in the United States to control inflation led to another recession. The changes were made largely because of inflation carried over from the previous decade because of the 1973 oil crisis and the 1979 energy crisis.[41][42]
Early 1990s recession 1990July 1990 – Mar 1991
After the lengthy peacetime expansion of the 1980s, inflation began to increase and the Federal Reserve responded by raising interest rates from 1986 to 1989. This weakened but did not stop growth, but some combination of the subsequent 1990 oil price shock, the debt accumulation of the 1980s, and growing consumer pessimism combined with the weakened economy to produce a brief recession.[43][44][45]
Early 2000s recession 2001March 2001–Nov 2001
The 1990s were the longest period of growth in American history. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks,[46] brought the decade of growth to an end. Despite these major shocks, the recession was brief and shallow.[47] Without the September 11th attacks, the economy might have avoided recession altogether.[46]
Great Recession 2007Dec 2007 – June 2009
The subprime mortgage crisis led to the collapse of the United States housing bubble. Falling housing-related assets contributed to a global financial crisis, even as oil and food prices soared. The crisis led to the failure or collapse of many of the United States' largest financial institutions: Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, Citi Bank and AIG, as well as a crisis in the automobile industry. The government responded with an unprecedented $700 billion bank bailout and $787 billion fiscal stimulus package. The National Bureau of Economic Research declared the end of this recession over a year after the end date.[51] The Dow Jones Industrial Average (Dow) finally reached its lowest point on March 9, 2009.[52]
Here you see he is RIGHT!
Here is the Gold performance …
