Has anyone actually bought gold as an inflation hedge recently? Perhaps as an insurance against all things economically bad & there is still plenty of that about particularly in Europe & Japan.
Gold has held up remarkably well in recent months with oil tumbling as well as currencies.
Its down a whole $50-60 for the year, yet if you read the financial media you would think it was 2013 all over again. Its not.
China is not buying gold as an inflation hedge.
The inflation story is old news.
I'm not saying lower oil is a positive for gold, its not, however I don't thin anyone has bought into buying gold as inflation hedge for about a year.
I like gold because the developing world & growth countries like gold & they cover more than the world's population. Lots of gold coming out of Europe & from newly acquired ETFs & the East is lapping it up & producing as much as they can for their own consumption.
