What if you started gold DCA around the 2022 inflation shock?
This uses real data to show what would have happened if you had invested KRW 300,000 a month in the gold ETF (GLD) starting around mid-2022, when a 40-year inflation surge was a global talking point. We honestly examine how the 'inflation hedge' image differed from the actual path.
⚠️ Know the risk first
Contrary to 'rising prices = rising gold,' gold was pressured for a while during the rate-hike phase, a loss stretch. The result only holds if you kept investing without stopping.
What happened that day
In June 2022, U.S. consumer inflation surged to roughly 9%, the highest in about 40 years, making inflation the world's biggest topic. Gold is often cited as an inflation hedge, but rate hikes weighed on gold for a while during this period.
Why this date
We use June 2022, when inflation was the biggest topic, as a DCA-start milestone, computing 'what if you had accumulated gold steadily from around then.' It's a memorable milestone, not an exact low.
Investment conditions
Asset · Gold ETF (GLD) · KRW 300,000 monthly DCA
Method · Recurring monthly investment
Period · 2022-06-13 ~ 2026-07-01
Amount · $222 / month
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-22.8%
Largest drop from peak
Longest loss period
5months
Months in loss: 6
Recovery period
0months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $11,111 → Final value $18,210 (+63.9%), Maximum drawdown (MDD) -22.8%
Why this period and asset
In June 2022, U.S. consumer inflation surged to roughly 9%, the highest in about 40 years, making inflation the world's biggest topic. On the belief that 'gold rises when prices rise,' gold was often cited as an inflation hedge — yet gold did not surge during this period. Rate hikes to fight inflation even weighed on gold for a while. It's a classic period where conventional wisdom and the actual price path diverged.
Interpreting the result
If you accumulated gold monthly, read the final value versus total contributed and the maximum drawdown below together. Contrary to 'prices rise, so gold rises right away,' gold went through stagnation and corrections during the rate-hike phase. DCA has the effect of buying units at lower prices in such stretches, but it does not guarantee gains. The final number rests on 'if you kept investing without stopping.'
Caveats & limits
'Inflation = rising gold' is conventional wisdom, not always true. Gold pays no interest, so it can look relatively less attractive when rates rise, and indeed gold was pressured for a while during the 2022 rate hikes. Always review the maximum drawdown and loss periods. Figures use adjusted close and exclude exchange rates, fees, and taxes, and past results do not guarantee the future.
Event fact sources
- U.S. Bureau of Labor Statistics — CPI report (2022-06)
- Reuters, 2022 inflation and gold price coverage (2022-06)
Requested date vs actual trading date
If the event date is a holiday, contributions begin on the next trading day. The 'effective trading date' below is the date actually used.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-28
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Prices surged — why didn't gold rise right away?
'Inflation = rising gold' is just conventional wisdom. Rate hikes to curb inflation reduce the appeal of non-yielding gold, so in 2022 gold was actually pressured for a while. Conventional wisdom and actual prices can differ.
Why use June 2022 as the start point?
That's when U.S. inflation hit a roughly 40-year high and was the biggest topic. It's not an exact low but a memorable milestone used as the DCA start.
Is gold safe with DCA?
No. Gold is a fluctuating asset with loss periods. DCA reduces timing pressure but does not remove losses. Check the maximum drawdown metric below.
Are FX and taxes reflected?
No. Exchange rates, trading fees, and taxes are not reflected — figures are pre-tax. This page only shows historical data and recommends no product.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.