Commodities as an Asset Class: Essays on Inflation, the Paradox of Gold and the Impact of Crypto

This book challenges the conventional belief that commodities are always good hedges against inflation and explores the role of gold and crypto assets as alternatives to traditional hedges. It analyzes the characteristics of gold, its relationship with inflation, and the implications of a monetary system based on Bitcoin. It also discusses the relative impact of past and future events on different commodity families and is of interest to students, researchers, analysts, and traders in financial and commodity markets.

Format: Hardback
Length: 161 pages
Publication date: 04 November 2022
Publisher: Springer International Publishing AG

This book presents a compelling argument that challenges the widely held belief in financial markets that commodities are always effective hedges against inflation. Instead, it delves into the realm of gold as a traditional hedge and explores how crypto assets are positioned as alternative options to mitigate inflationary risk. The book engages with emerging discussions surrounding the performance of gold since the 2008 financial crisis, analyzing its characteristics, relationship with inflation, and the role of mining companies. It also discusses how cryptocurrencies have emerged as an attractive asset class during an inflationary scenario, replacing precious metals as a preferred choice.

In examining the case of crypto as a potential or not a suitable inflation hedge, the book pays close attention to the theoretical financial and macroeconomic implications of a monetary system based on Bitcoin. It delves into the concept of money and the determination of Bitcoin's supply and purchasing power. Additionally, it outlines the consequences that such a system would entail for the banking industry, financial conditions involving interest rates, exchange rates, and the inflation-deflation dynamic. The book also conducts a comprehensive analysis of the relative impact of past and future events on different commodity families.

This book is of immense interest to students and researchers in financial economics, macroeconomics, and monetary economics, as well as analysts and traders in financial and commodity markets. It provides valuable insights and perspectives that will enhance their understanding of these complex topics and help them make informed decisions in their respective fields.

Weight: 388g
Dimension: 210 x 148 (mm)
ISBN-13: 9783031173998
Edition number: 1st ed. 2022