from Kitco NEWS
Stock market crashes are usually followed by a “w” wave, and right now we’re only seeing a “v”, this according to Clem Chambers of investorshub.com.
Chambers, who previously had not supported the idea of gold as the ideal hedge asset, said that an inflationary environment is likely to change the situation for the yellow metal completely; the Federal Reserve has priced in the possibility of a 50% to 100% increase in inflation over the next three or four years.
“The economic numbers are absolutely catastrophic, and yet, we’re back at all-time highs,” Chambers told Kitco News. “The only possible explanation for stocks being so high is that inflation is coming, and when you think about it, if inflation is coming, where do you put your money?”
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