Why Gold Hasn't Been a Hedge Against Inflation [View article]
People really pay you to talk about gold?? Tha's astounding. Gold's not a hedge against inflation? Have you EVER looked at a chart? Gold is one of the very few investment to be up during the past 4 years..It is not only a hedge against inflation..it's one of the few that exist. So lets talk a few facts Mr. Lee.. 1. Since July 2008..Gold has gone from $980 to $840 and change (Sunday Asian Market)..a decrease of 14%..most..if NOT ALL due to panic deleveraging..Ever heard of that? I thought not. 2. Oil (WTIC) has gone from $145 to $42 and change....a decrease of 71%!
THESE STATS ARE FROM inflationdata.com....C... inflation since Jan 2006 to Nov 2008 is 12.17%...GOLD'S GAIN IN THAT SAME TIME FRAME IS +64.71%..
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People really pay you to talk about gold?? Tha's astounding. Gold's not a hedge against inflation? Have you EVER looked at a chart? Gold is one of the very few investment to be up during the past 4 years..It is not only a hedge against inflation..it's one of the few that exist.
Dec 21 21:54 pm
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All Comments by Greg Pinelli »Why Gold Hasn't Been a Hedge Against Inflation [View article]
So lets talk a few facts Mr. Lee..
1. Since July 2008..Gold has gone from $980 to $840 and change (Sunday Asian Market)..a decrease of 14%..most..if NOT ALL due to panic deleveraging..Ever heard of that? I thought not.
2. Oil (WTIC) has gone from $145 to $42 and change....a decrease of 71%!
THESE STATS ARE FROM inflationdata.com....C... inflation since Jan 2006 to Nov 2008 is 12.17%...GOLD'S GAIN IN THAT SAME TIME FRAME IS +64.71%..