AFP: Gold and Silver Are Not Proven Inflation Hedges
Over the past several weeks, there have been posts and articles stating that there is an inflationary period coming, so now is the time to buy gold. I do not know if an inflationary period is coming, and if I had an opinion it would be in another article. But the point here is that I can find no evidence that gold prices, or silver for that matter, correlate to inflation.
It is obvious that over time gold, silver and inflation rise. In that way they do correlate. Below is a graph showing the percentage change year-over-year of gold, silver and inflation (measured as CPI) from 1914 to 2007.