In an analysis by Bloomberg Intelligence, copper outperformed every major asset class aside from energy as an inflation hedge.
Inflation Mining News
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about […]
Global monetary and currency problems as well as higher inflation will continue to drive the price of gold higher.
On Thursday, March 24th, gold hit another record high of $1448.60 an ounce as it attempted to breach the $1450 an ounce level for the first time in the history of the yellow metal.
Where next? In such an environment there is little prospect of raising confidence, lowering uncertainty and stabilizing the developed world’s economies. In such an environment which fully reasoning investor is going to exit precious metals?
The mainstream press loves to talk about emerging market demand as a cause of inflation, rising prices and the bull market in commodities.
In current economic analysis, inflation is largely in the eye of the beholder, and depending on how you choose to look, very different stories emerge.
The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give.