Last week, after President Donald Trump announced tariffs on goods from around the world, markets plunged along with shares of major companies such as Apple, Nike and Bank Of America. Meanwhile the price of gold rose to an all-time high,

But is the popular notion of gold as the ultimate safe haven actually true, and is its value holding up during the current financial turmoil? The short answer is: Yes and yes. Indeed, a look at recent prices suggests gold has held up better than ever as President Trump has whipsawed the global economy by imposing sky-high tariffs.

Will Rhind, CEO of GraniteShares, discusses gold's ongoing price momentum and latest all-time high, saying he sees fear as a key driver right now. However, increasing M2 money supply is also an important underlying factor for the yellow metal.