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Short-run and long-run determinants of the price of gold

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Figure

Figure 2: US Dollar Price of Gold Required for Gold to be an Inflation Hedgein the United States, 1976-2005 (Production Rank 3, Consumption Rank 2)
Figure 3(b): Australian Dollar Price of Gold Required for Gold to be anInflation Hedge in Australia, 1976-2005 (Production Rank 2)
Figure 3(d): Peuvian Nuevo Sole Price of Gold Required for Gold to be anInflation Hedge in Peru, 1976-2005 (Production Rank 5)
Figure 3(e): Indonesian Rupiah Price of Gold Required for Gold to be an InflationHedge in Indonesia, 1976-2005 (Production Rank 6, Consumption Rank 7)
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