Closing the Door Permanently on the "Gold is Not an Inflation Hedge" Disinformation, Part II
If you recall, in my last article, I stated that three serious flaws exist in the “gold is not an inflation hedge” argument that completely invalidate it. These three flaws are/were as follows:
(1) When gold is dismissed as an inflation hedge, 99.9% of analysts only ever discuss gold in terms of its USD price, which is a patently absurd way to define gold as in inflation hedge;
(2) The nominal price of USD gold is always discussed in this false argument as its value and never its true value of weight; and
(3) Inappropriate backward looking periods, and periods that encompass multiple decades, are always used to dismiss gold as an inflation hedge, instead of understanding how gold would act as an inflation hedge moving forward.
I discussed point (1) in Part I, and if you are an American that takes the stance, “the USD gold price is the only important price to me because I live in America”, you will never understand the big picture of where the global gold price is heading that will impact the USD gold price. So, let’s start today’s article with a discussion of point (3) above.
skwealthacademy roll call (other substackers that promote truth over the consensus popular view):
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