Archives for June 2020

When inflation rises, the value of currency goes down and people tend to hold money in the form of gold.  In times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. Do we have, or expect to have, inflation? Take a look at what inflation really is. According to Wikipedia – “inflation is a sustained increase in the general price level of goods and services in an economy over a period of time”. This is generally caused by the devalue of currency.  The more of a product there is, the less it’s worth. In this case the product is the US dollar.  During the onset of covid 19 pandemic there was a 2 trillion … [Read more...]