GOLD AND INFLATION HEDGES Q1 2011 1 For the past decade gold has been the asset allocator’s Holy Grail. It has outperformed all of the major asset classes over the past ten years, as the chart below illustrates. Asset Class Performance: Jan-2001 to Mar-2011 500% Cumulative Return 400% Average Annual Return 300% Correlation to Worst One-year 60% Stock/ 40% Return Bond...