Throughout the better part of 2022 there has been one question that has consistently, and predictably, popped up in conversations with my friends, clients and readers. Those who know me and are familiar with my ideas are well aware of my position on precious metals and the multiple roles they serve, so I cant blame them for them for being curious whether I still stick to my guns in this era of irrationality in the markets and the economy. Especially for those not versed in monetary history, which is regrettably the vast majority of the population, it is natural to wonder: If gold is such a great hedge against inflation, why hasnt it skyrocketed now that inflation is finally here?
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