Was Gold a hedge against inflation? When? For how long?

Recent research has begun to cast some doubt upon the inflation Hedge capacity of gold. When you think of it, the inflation experience over the last 40 years, since gold began to float freely, has been very mixed. In the 1970s we were concerned in relation to inflation, perhaps even fears of hyperinflation; not the talk is of deflation or disinflation.  So was gold a hedge against inflation? Is it now?

7 things we know about gold…

So, one major area of my research is on gold. Here is an update on where that research is at. Click here for the downloadable versions or look at my SSRN page