by John Rubino
Dollar Collapse
Gold bugs should never assume that the mainstream investing community actually understands finance. That includes the Wall Street Journal, which recently published an article (Gold as an Inflation Hedge: What the Past 50 Years Teaches Us) purporting to show that gold does not protect against a depreciating currency.
The article begins with a couple of subheads…
On the anniversary of the metal’s unleashing by Nixon, gold’s believers may be disappointed by the record
Investors often think that gold is the answer to inflation. It’s not that simple, as the past 50 years have shown.
…and then attempts to prove those points graphically with a chart comparing gold to stocks and bonds: