bthomas

Why Gold Hasn't Been a Hedge Against Inflation

It is still early for long oil. As the global conditions worsen, the economies most dependent on oil export are 'over a barrel'. Despite promises and pledges to reduce production their nationalized oil economies cannot afford it. As an inflationary hedge stick with aurum. As conditions improve (months away) oil will slowly rise as the shorts are squeezed. Fed policy helps gold as well. Ben's helicopter is really an inflation machine.