Gold Hits $1,072. Is Inflation on the Horizon?

 
Observation Deck
November 02, 2009 Posted by:

Historically, gold has been a precious commodity used for trade, jewelry, medicine and decoration. In more recent times, it has been used as a hedge against inflation. There are many investors who currently believe our country is heading into an inflationary environment, pushing up the price of gold. But we do not see any data to support the position that inflation will spiral out of control
anytime in the near future.

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