MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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The Importance of Gold in an Environment of Volatility
Gold is doing extremely well as a reserve of value and as a real money relative to commodities. However, there's always going to be a few periods in which there's volatility because in general, investors are not comfortable with gold. The entire market is more willing to bet on monetary expansion, creating big inflation in assets, but no inflation in CPI. When there's a correction, it is a good moment to build positions on gold.
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