by Jan Skoyles, TheRealAsset.co.uk
New research released this week questions the widely held believe that gold acts as a hedge against inflation.
Co-authored by one of the world’s leading academics on gold markets, the research leads to an interesting conclusion which ‘highlights the monetary nature of gold as a commodity.’
The belief that gold is an inflation hedge is not unfounded. As the authors report in the introduction, recent studies find that this is the case, ‘they all argue that the price of gold and the consumer price index (CPI) series are cointegrated.’
Please follow SGT Report on Twitter & help share the message.