Golden butterfly för svenska förhållanden

[axr]

Studie: "The Golden Dilemma" av Claude B. Erb och Campbell R. Harvey

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2078535 Abstract Gold objects have existed for thousands of years but for many investors gold has only recently become a tradable investment opportunity. Gold has been described as an inflation hedge, a “golden constant”, with a long run real return of zero. Yet over 1, 5, 10, 15 and 20 year investment horizons the variation in the nominal and real returns of gold has not been driven by realized inflation. The real price of gold is currently…