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By Arnab DAS, Global Market Strategist, Invesco
Are we on the cusp of a historic economic turning point? Will decades of “low-flation” and falling yields give way to high inflation, yet gold underperforms, and cryptocurrencies become the hedge of choice? We believe it’s well worth considering long-term performance across asset classes. Direct explanations for the relative performance of gold and cryptos are an interesting alternative angle on the current growth/inflation conundrum.
Why excavate gold only to bury it in vaults?
Warren Buffet once quipped that he couldn’t see the point of gold: People dig it out of one hole in the ground (a mine), only to lock it away in another (a vault). Indeed, gold has...
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