05.06.2013 18:47

The Enduring Glow of Gold

A ripple of skepticism recently hit prices of the yellow metal, but gold remains the ultimate hedge on inflation
By Andy Xie
 
A

The global economy has already entered into stagflation with a growth rate of 2 percent and inflation at 3 percent. The inflation rate is likely to rise above 4 percent in 18 months while the growth rate will remain stuck in the same range. With inflation twice as high as the growth rate, the global economy will slip deeper into stagflation.

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