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Top links: Gold is not an inflation hedge

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

It takes a brave academic to wade into the “what is gold worth?” debate but Stony Brook University economics professor Noah Smith has never lacked confidence. Mr. Smith’s column is even-handed enough to grant that gold has been a good investment over the past decade. But he also attempts to debunk a number of myths about the bullion market: