By Willem Weytjens You've probably heard it many times: "Gold is a good hedge against inflation". But IS it? That's the question we will try to answer in this article.
Let's have a look at a chart:
The chart above shows us the gold price (left hand scale, red line) since 1968, when the Gold Pool broke down. At that time, the gold price was no longer fixed, and was able to rise (substantially). From February 1968 to February 1980, gold rose almost 25-fold, from $35,50 per ounce to as high as $875 per ounce. From that point, gold started a multi-decade long decline towards $250 per ounce at the beginning of the 21st century....
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