Is gold a hedge for inflation in Vietnam

Abstract

This paper investigate the inflation-hedging properties of gold in Vietnam during the period from 2005 to

2014. By ARIMA model to measure expected and unexpected inflation, the study consider the relationship

between gold and the components of inflation. Consistent with traditional beliefs, the study showed that gold

provides a safe hedge against, especially in unexpected inflation in our country. This study has implications

for both investors and policy makers of Vietnam in the development and implementation of monetary policy to

be effective and other macroeconomic policies to use accumulated funds from gold to economic development.