Another interview with Cory over at the Korelin Economics Report is now available.
This is from last Friday, as gold was finishing out a pretty impressive week of gains due largely to geopolitical concerns about Ukraine and Russia. We talked mostly about the nascent threat of inflation here in the U.S. and how that could affect precious metals.
The .mp3 file is again available here at the blog – just click on the image to the right – or you can go directly to this page over at KER.
That inflation is a threat today is certainly the minority view. I’ve likened what has happened in recent years – since the Fed started printing money with abandon, only to see the government’s official measure of inflation decline – to “the boy who cried wolf” and the only question now is whether the wolf will ever show up.
The combination of demographics and Obamacare have raised the possibility that we may see some wage pressure in the labor market and, combined with what appears to be a resurgence in commodity prices, rising consumer prices could surprise a lot of people this year and precious metals would surely benefit.
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