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. We critically examine popular stories such as 'gold is an inflation hedge'. We show that gold may be an effective hedge … if the investment horizon is measured in centuries. Over practical investment horizons, gold is an unreliable inflation … hedge. We also explore valuation. The real price of gold is currently high compared to history. In the past, when the real …
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driven by realized inflation. The real price of gold is currently high compared to history. In the past, when the real price … investment opportunity. Gold has been described as an inflation hedge, a “golden constant”, with a long run real return of zero … their gold holdings to average per capita or per GDP holdings of developed countries, the real price of gold may rise even …
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. We critically examine popular stories such as 'gold is an inflation hedge'. We show that gold may be an effective hedge … if the investment horizon is measured in centuries. Over practical investment horizons, gold is an unreliable inflation … hedge. We also explore valuation. The real price of gold is currently high compared to history. In the past, when the real …
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