Honors Theses and Capstones
Date of Award
Spring 2023
Project Type
Senior Honors Thesis
College or School
PAUL
Department
Finance
Program or Major
Finance
Degree Name
Bachelor of Science
First Advisor
Stephen Ciccone
Abstract
The world of investing is rapidly changing as technologies advance. In the past few years especially, we have seen many investors shifting toward decentralized digital money, or what is known as cryptocurrencies. Even with these new asset classes coming out, there has always been one commodity that has stuck around. Gold has been used as a store of value for millenniums. Investors tend to rely on gold because it’s believed to be a safe-haven asset, in times of economic uncertainty. This paper aims to determine whether or not this traditional mindset is still effective in today’s ever-changing investment environment. To solve this question, three different periods of heightened inflation were analyzed. Based on the result from this thesis, during times of heightened inflation gold hasn’t always proven to be the safe-haven asset that it is regarded as.
Recommended Citation
Gillis, Jack William, "The Historic Returns of Gold: Is it the Best Hedge Against Inflation?" (2023). Honors Theses and Capstones. 736.
https://scholars.unh.edu/honors/736