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Looks like even the Financial Times is starting to concede to gold
More remarkably, this pro-gold commentary was posted by the newspaper in the clear today.
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Gold is back, and it has a message for us
By Rana Foroohar
Financial Times, London
Monday, April 15, 2024
It's easy to mock gold bugs, but their moment may finally have come. The precious metal has been breaking out recently amid higher than expected inflation in the United States, and general anxiety over everything from geopolitics to the November presidential elections to where monetary policy and markets go from here.
... Dispatch continues below ...
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All these things are predictable reasons for gold to surge. But there are deeper, longer-term messages in this rise that investors should pay very close attention to.
Let's start with inflation. Whatever happens over the next few quarters, I've long thought that we were in for a period of "higher for longer" inflation. Aside from the possibility of a technology-driven productivity miracle, it’s hard to think of a macro-trend at the moment that isn’t inflationary. ...
... For the remainder of the analysis:
https://www.ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
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Join GATA here:
Mining Investment Asia
Wednesday-Thursday, May 15-16, 2024
Marriott Tang Plaza Hotel, Singapore
https://www.mininginvestmentasia.com/
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* * *
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