> do you recognise how successful it is becoming as an asset, like gold? And why would anyone want to own gold? It's certainly not to protect against inflation

> do you recognise how successful it is becoming as an asset, like gold? And why would anyone want to own gold? It's certainly not to protect against inflation, which seems to be what everyone talks about: > While gold objects have existed for thousands of years, gold's role in diversified portfolios is not well understood. We critically examine popular stories such as 'gold is an inflation hedge'. We show that gold may be an effective hedge if the investment horizon is measured in centuries. Over practical investment horizons, gold is an unreliable inflation hedge. […] * https://www.nber.org/papers/w18706 https://www.nber.org/papers/w18706