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Bitcoin & Gold During Monetary Climate Change | Ronnie Stoeferle
Forward Guidance
The Worst Environment for Gold Prices
The gold price is predicted by the level of real rates versus the rate of change in real rates. Rising inflation is a positive environment deflation to some degrees also a positive environment, but this inflation is the worst environment. I think that many or most investors haven't realized that inflation will stay around and this is also what you're seeing If you have a look at longer term inflation expectations so the market especially the bond market still believes that the Fed is right that inflation is transitory So for the longer term it is not being seen as a concern But I think at some point the market will realize well, perhaps it's stickier than then then everybody thinks Yes, we need more inflation.
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