Is Gold Truly the Best Inflation Hedge? 50 Years of Data Shows a Different Story
When the consumer price index (CPI) prints a number higher than a central banker’s target, the financial media instinctively retreats to a 5,000-year-old script: “Buy gold.” We are told that gold is the ultimate insurance policy—a “safe haven” that preserves purchasing power when paper money goes to die. But as we move into 2025, it…