Gold’s prolonged bull market from 2002 took place against a backdrop of generally low (and sometimes negative) inflation.
Last time we checked there's been little shortage of what can be called one form of QE or another around the globe. Some might try to be kind or politically correct and label it unorthodox monetary policy.
That's the usual nature of language debasers worldwide. Simply call an elephant a big dog with an overgrown proboscis.
Despite what many believe gold usually does best during periods of deflation.
The charts below are from mining.com/charts-gold-price-inflation-you-win-deflation-they-lose.
Gold's status as a hedge against inflation is long-established, but a new research note by Julian Jessop, Head of Commodities Research at Capital Economics, finds the metal can also thrive in a deflationary environment.
No comments:
Post a Comment