## Why Gold Fails as a Hedge Against Inflation (and when it works)

In the aftermath of Trump’s win, something that wasn’t supposed to happen, happened. Inflation expectations surged, but gold got clobbered: The GLD fund, a proxy for gold, fell 8% (from $125 to$115) in the days immediately following Trump’s victory, and then it fell another \$7 in December: Inflation expectations, however, surged as shown by… Continue reading Why Gold Fails as a Hedge Against Inflation (and when it works)