On: Harry Browne’s Rules of Financial Safety (1999)

[andruby]

Or: past performance is not a guarantee for future performance.

Maybe gold and inflation are no longer as correlated as they used to be.

[throw0101a → andruby]

> Maybe gold and inflation are no longer as correlated as they used to be.

Or maybe they were never correlated and people just assumed they did and never bothered looking at the data:

* https://www.nber.org/papers/w18706

* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3667789

[zo1 → andruby]

Or me with my tinfoil hat:Gold is correlated with real value and the inflation numbers don't reflect that because they're artificially suppressed.

I.e. if gold looks flat growth wise to the dollar, maybe it's cause it actually went up in value but the dollar went down due to inflation.