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Anything claimed to be a hedge against inflation must have positive correlation with inflation. There are 200+ countries in the world and inflation in them is h
by ivanche 6y ago
Anything claimed to be a hedge against inflation must have positive correlation with inflation. There are 200+ countries in the world and inflation in them is happening at different times and different rates. There's no way that gold knows which country you live at and if there's an inflation there currently.
- monopoledance 6y agoIsn't that because all thing generally become cheaper with technological/economical progression (ecological debt)?
- kinghajj 6y agoWell, sure, no asset will track inflation in any particular country with a perfect correlation, but the markets are pretty good at minimizing arbitrage. I'm sure Venezuelan holders of gold or cryptocurrencies appreciate its use as a hedge. https://www.goldbroker.com/charts/gold-price/ves https://www.goldbroker.com/charts/gold-price/ves