Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries This So-Called Inflation Hedge Is a Disaster. Buy This 8.9% Dividend Instead By: Contrarian Outlook October 03, 2022 at 05:00 AM EDT For some folks, it’s almost a reflex to buy gold when inflation hits or volatility ramps up. In times like those, they simply flock to the yellow metal—no questions asked. But buying gold as a safe haven is a terrible idea, for one simple reason: it doesn’t work. The dumpster fire year we’re living through now provides an excellent example of gold’s ineffectiveness as an inflation hedge: while inflation soared (it sits at 8.3% as of August), gold has gone the other way, plunging 6.4% since January 1. That lousy performance isn’t just a one-off. Gold has actually fallen 7% in the last decade. … Read more Read More >> Related Stocks: Gamco Global Gold, Natural Resources & Income Trust Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
This So-Called Inflation Hedge Is a Disaster. Buy This 8.9% Dividend Instead By: Contrarian Outlook October 03, 2022 at 05:00 AM EDT For some folks, it’s almost a reflex to buy gold when inflation hits or volatility ramps up. In times like those, they simply flock to the yellow metal—no questions asked. But buying gold as a safe haven is a terrible idea, for one simple reason: it doesn’t work. The dumpster fire year we’re living through now provides an excellent example of gold’s ineffectiveness as an inflation hedge: while inflation soared (it sits at 8.3% as of August), gold has gone the other way, plunging 6.4% since January 1. That lousy performance isn’t just a one-off. Gold has actually fallen 7% in the last decade. … Read more Read More >> Related Stocks: Gamco Global Gold, Natural Resources & Income Trust