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Gibson's Paradox

Is gold a good investment?
Gold is neither good nor bad, it depends on the circumstances
Real rates are the driver of gold
Gold's performance is not tied to the level of inflation but the level of real interest rates. This goes contrary to what many thought and is called Gibson's Paradox. When real rates are positive, gold does poorly. When real rates are negative, gold does well.
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This page was last edited on Thursday, 9 Apr 2020 at 14:46 UTC