Snapshots of Gold: The Ultimate Behavior Bias

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that allocating to gold based on expected inflation consistently detracted from portfolio performance, regardless of forecast accuracy, allocation size, or inflation threshold.