from Kitco NEWS
The COVID-19 pandemic has increased deflationary risks in the global economy, but according to one economist, it’s the long-term inflation threats that investors have to pay attention to as governments and central banks around the world pump liquidity to support the devastated global economy.
In an interview with Kitco News, Thorsten Polleit, chief economist at Degussa, Europe’s largest precious metals trading firm, said that inflation is more than just prices consumers see on their grocery receipts. He said that asset price inflation is extremely dangerous as it debases a nation’s currency and reduces consumer purchasing power.
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