Are precious metals still precious?

“Precious metals, especially gold, have a reputation for being a hedge against inflation. This reputation, however, is difficult to support. Gold has had a surge lately, and there is a tendency to take recent results and extrapolate them. But the reality is that gold has a 200-year history of abysmal long-term returns, briefly punctuated by a frenzied interest, only to eventually return to the mean. Don’t confuse short-term volatility with long-term performance.”

Brad Brain_ Are precious metals still precious_ _ Alaska Highway News

This article was posted in All Columns, Investment Management, Risk Management.
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