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Mike Maharrey: Even during a currency crisis, gold and silver don't rise in a straight line
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, June 12, 2026
If gold is an inflation hedge, why has the yellow metal been struggling as inflation expectations rise due to the Iran conflict?
I'm asked this question a lot, and it's a reasonable query.
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The simple answer is that there are multiple factors driving the gold market at any given time. So while gold does ultimately shield you from currency depreciation, it's not a one-to-one correlation. You often need to step back and look at a longer timeline to see your inflation fire insurance in action. ...
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