This paper explores the relationship between inflation expectations and gold returns of monthly and annual maturities …, indicating that the hedging ability of gold prices exists only in the long term during crisis periods. Therefore, the findings … gold at all wavelet scales for the two types of maturities. The continuous wavelet transformation based Granger …

with gold, Bitcoin consistently provides diversification opportunities with all six representative market indices examined … with each index for all years, whereas exception is observed for gold. In addition, diversification between Bitcoin and … gold is demonstrated as well, mainly for short-term investments. However, the diversification benefit is conditional for …