As I told Daniela Cambone during last week's edition of Gold Game Film, this is all very constructive for the price of gold, which has historically been used as a
hedge during periods of rising inflation.
Even if the highly inflationary 1970s are excluded from the analysis, the real annualized returns for US equities and 10 - year Treasuries have been just 1 % and 0.4 %, respectively,
during periods of rising inflation — well below their long - term averages of roughly 7 % and 2 %.