22.12.2008 - Why gold hasn't been a hedge against inflation
From Seekingalpha.com: While gold investors fared well as gold went from $250/oz in 2001 to $1,000/oz in early 2008, oil investors reaped stupendous profits as oil prices topped $145/barrel in July 2008, up from $22/barrel in 2002. The fortunes of gold and oil have reversed 180 degrees since July, when we witnessed the most speculator fall in oil's history in the last 100 years. The oil price plunged over $110, or 75% from $147 to $37 a barrel..... Full Article: Source