Inflation is easy to explain: it’s excess money chasing too few goods. Milton Friedman put it like this: “it has always been (and always will be) a monetary problem”. To that end, look no further than the Fed with money creation.
What Gold Needs to Rally
The precious metal caught a bid the past few weeks… most notably after 10-year bond yields pulled back. This move has some asking whether gold is about to rally – especially given the Fed’s easy money policies and hotter-than-expected inflation for longer?
For a full list of posts from 2017…