I often see when browsing the net and looking at building portfolios that Gold is often mentioned as a hedge against inflation and uncertainty and you should allocate a part of your assets (up to about 10%) to this class be it Physical or Fund/ETF.
Why is gold a hedge against inflation and uncertainty? I looked back to see when GFC at its worst in 2008 the price of Gold didn’t sky rocket in fact over the 12 months when things were at there worst it fell a little, also as interest rates and inflation have come down overall the past 10+ years, Gold until about 2 years ago had been going up.
I can’t see any reason to hold for these reasons, or am I missing something.
Why is gold a hedge against inflation and uncertainty? I looked back to see when GFC at its worst in 2008 the price of Gold didn’t sky rocket in fact over the 12 months when things were at there worst it fell a little, also as interest rates and inflation have come down overall the past 10+ years, Gold until about 2 years ago had been going up.
I can’t see any reason to hold for these reasons, or am I missing something.
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