Real Rates, Gold, and the Miners

by Stewart Thomson

  1. The disappointing price action in gold (against the dollar) is mainly related to the perceived rise in real interest rates.
  2. Please click here now. It’s unfortunate that the US government and the Fed use indexes of inflation that the average citizen can’t relate to at all.
  3. For the average person with minimal savings, rising debt, questionable job security (if they have a job at all), and skyrocketing prices of the items they need for daily life…
  4. The 1.4% inflation rate used by the government is a very bad joke.
  5. It’s equally unfortunate that institutional money managers focus on these “out of touch” inflation indexes.

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