Gold Note No. 8
The recent drop in gold prices is attributed to expectations of inflation due to more deficit spending. Higher interest rates are anticipating inflation, but the inflation is a mirage The worst situation for gold is the one we have now where rates are going up, but there's no actual inflation. If inflation does not appear, then rates will come back down and gold will rally. But, if there is inflation, gold will go up because it always does in inflation. Gold wins either way.
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