28 février 2006, 0h00
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Many investors buy commodities and gold in order to hedge their portfolios against inflation risk. But the rise in both these hot markets has far outstripped consumer prices in recent years. That has left them vulnerable to sudden changes in speculative sentiment. Gold and commodities could collapse even as inflation rises. The prudent inflation-hedger should turn instead to Treasury inflation-protected bonds - or TIPS, as they are commonly called.
In fact, the TIPS market has been almost as ho...
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