Why a recession is the best time to open a savings account for your children

So I would say there is no better time to open a savings account for your children than during a recession.
But they are not really backed by physical gold and can become worthless if there is a market crash and people default on their commitments.
When there are economic and political uncertainties, all financial wizards de-risk themselves with some physical gold in their lockers.
Physical gold at MCX (Direct)Unlike exchange traded gold funds, MCX Gold is actually backed by physical gold.
You can buy Gold Petal (minimum 1 gram or multiples thereof) or Gold Guinea (minimum 8 gm or multiples thereof).

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