Long term, gold is crap as a hedge, it's like a 1.1% return?
What are you talking about? In 1915 you could buy an Italian suit with a $20 gold coin. You still can buy an Italian suit with a $20 gold coin today. The purchasing power has remained relatively constant. That's the definition of a good hedge.
> Long term, gold is crap as a hedge, it's like a 1.1% return?
What are you talking about? In 1915 you could buy an Italian suit with a $20 gold coin. You still can buy an Italian suit with a $20 gold coin today. The purchasing power has remained relatively constant. That's the definition of a good hedge.
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