Portfolio Construction
TIPS offer coupon income with CPI linkage but carry duration risk. Gold lacks yield yet diversifies sovereign and geopolitical shocks — many advisors hold both.
Comparing Treasury Inflation-Protected Securities and gold during 2022–2026 inflation cycles.
TIPS offer coupon income with CPI linkage but carry duration risk. Gold lacks yield yet diversifies sovereign and geopolitical shocks — many advisors hold both.
Examining gold's real return profile against CPI, PPI, and housing inflation over the past five years.
April CPI surprised to the upside, moving real yields and gold spot within minutes of the release.
Why gold rallied even as real yields rose briefly — safe-haven flows vs opportunity cost dynamics.