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Raging Bullion: Is Gold a Good Investment?
Many Happy Returns
The Three Secret Ingredients of the Most Efficient Portfolios
There was an incredible period for gold in the early 1970s when it just had spectacular mind-blowing returns. Now we can only come off the Bretton Woods system once. So I think that entire decade is slightly unreliable when it comes to working out whether gold is good inflation hedge because it also coincided with a period of very high inflation. But it is going to contaminate, I think, the back tests forever until we look through this environment, which we've got right now and another high inflation environment.
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