Tranquilmeditation

Gold: Not an Effective Hedge Against Inflation

Is this the same financial writer who in his books refers to diversification as large cap, mid cap and small cap stocks and throw in a little growth and value for good measure? If you had followed his advice your wealth would of vanished this year. The Modern Portfolio demigods are dead and so are their silly bull market metrics: standard deviation as a measure of risk, bell curves, efficient markets, r squared, and the most costly (to taxpayers), valuation at risk models.

We are in a bear markets for stocks that is no where near over. Gold is extremely attractive given the irresponsible policies governments around the world are following. Someone should inform the U.S. congress they are broke and have no money to bailout: banks, insurance companies, auto manaufacturers, home builders, states, and on, and on, and on.

Gold has maintained its relevance as a source of wealth for 5,000 years. What has been the longest standing fiat currency Mr. Swedroe? You just happened to leave that out of your biased article.