hammondholt

Gold's Not the Best Investment in Inflationary Times

Isn't it "velocity" of money we need to worry about? which would allow for both non-economic activity and inflation.

also, there is no argument for the third rationale for purchasing Gold: 3) as a refuge in a bad economy sans inflation. Gold held its value in 08 WITHOUT inflation and WITH hedge fund selling and WITH a resurgent Dollar. Pretty durable.

I'm not a Gold Bull, and I'm not calling a de-coupling of Gold from Inflation, but it seems that an argument for Gold as a refuge WITH or WITHOUT inflation can be made.