A long-term store of value
Atlas Pulse has spent many months describing gold as a store of value and its link with interest rates. It’s simple to understand. Assuming gold is a long-term store of value, the dollar gold price should match the dollar rate of inflation over time – a point that is also true in other currencies. For example, if the Argentinian Peso halves its purchasing power due to high inflation, gold in pesos ought to double - give or take a little. This is a commonly accepted idea, yet the link with rates is a little harder to understand. Despite that, both the logic and the evidence stack up. Read on for more .