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The Golden Dilemma

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NBER2013-01-01 更新2025-01-04 收录
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While gold objects have existed for thousands of years, gold's role in diversified portfolios is not well understood. We critically examine popular stories such as 'gold is an inflation hedge'. We show that gold may be an effective hedge if the investment horizon is measured in centuries. Over

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2013-01-01
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