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Is Gold Really a Good Inflation Hedge? What History Tells Us

From thestreet.com

It’s a story as old as time . . . or perhaps as old as gold itself. Mere rumors of the precious metal sent Spanish explorers racing across oceans and pickaxe-wielding prospectors scrambling up California mountains. Gold is doubtless one of the planet’s most valuable commodities. It’s rare, durable and malleable—not to mention beautiful. Gold has found use in everything from currency to jewelry to electrical conductors inside machinery. But while many investors turn to gold as a “safety net” in times of market uncertainty, like rising inflation, there are simply more profitable ways to go. Let’s take a look at gold’s ... (full story)

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