Bloomberg Dec 23, 2013
Accelerating economic growth may eventually bring higher consumer prices and revive demand for gold as a hedge against inflation, said Tom Winmill, who helps manage about $250 million of assets in Walpole, New Hampshire, for Midas Funds.
Policy makers may hold interest rates near zero percent even if unemployment falls below the 6.5 percent rate the central bank previously cited as a likely catalyst for an increase, “especially if projected inflation continues to run below” the 2 percent goal, the Fed said in its statement.
‘Exceedingly Bullish’
“We expect that as the economy recovers, which is the reason they’re tapering, inflation will come back,” Winmill said. “The long-term outlook is exceedingly bullish for gold"
bull case, page-2
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