The Dow hit a multi-month low. Co-author of the Money Bubble John Rubino says it is about time for a stock market crash.

If the Fed continues to raise interest rates, this will create the potential for a crisis that would spread globally, Rubino says.

What would happen at that point to gold? It is likely that precious metals will rise long term. But Rubino is unsure about what would happen to gold immediately following the crash.