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Originally Posted by Barry-xlovecam
No, those figures are not adjusted for inflation -- never assume anything.
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The only thing I assumed is an inflation rate around 6% per annum on average (it was probably less on average) and so Gold did its job (as a preserver of wealth) provided it rose in paper terms, higher than the inflation rate.
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Gold as a hedge is nowhere in the period shown.
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I don't get this - during the period you've shown (5 year view), Gold rose from $1052 to $1300 - a 19% gain.
Inflation (US Govt figures) was:
2010 - 1.5%
2011 - 3%
2012 - 1.7%
2013 - 1.5%
2014 - 0.8%
Gold has vastly outperformed as an inflation hedge.