Market Myth: Gold and Inflation
Consumer price inflation is up but Gold is down. That's not unusual.
by Murray Gunn
Updated: January 07, 2022
"Gold, they say, is the ultimate consumer price inflation hedge. The famous story goes that a Roman strutting his stuff down Via Sacra back in Emperor Nero's day nearly two thousand years ago would have paid an ounce of gold for his top-of-the-market toga, sandals and belt. In 2021, with the euro price of Gold hovering just above €1,500, a chic Roman posing down Via del Corso would have paid that for his Salvatore Ferragamo designer suit, his Gucci shoes and accoutrements."
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