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The Value of Gold as an Inflation Protector
Gold maintains its purchasing power over time, regardless of the technological advancements or inflation affecting regular currencies.
Alok Jain
October 03, 2024
03 October 2024 · Thursday
Good evening, WeekendInvestor
The Value of Gold as an Inflation Protector
Gold has always been a reliable asset for protecting against inflation.
A fascinating comparison shows this by looking at the price of iPhones over the years. In 2008, when the original iPhone was launched, it cost 0.92 ounces of gold. Fast forward to 2024, and the iPhone 16 Pro is priced at 0.6 ounces of gold. Despite the rise in the iPhone’s price in regular currency, its cost in terms of gold has remained stable between 0.5 and 1 ounce over 16 years.. . . . .
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The Chinese market has shown a clear pattern over the last two decades when it comes to economic stimulus and market reactions. Historically, each time the Chinese government introduces stimulus measures, there has been a significant upward movement in the market.
This cycle has been consistent and continues to shape the market trends.. . . . .
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