" ... not only do negative real interest rates make holding non-income producing assets such as Gold attractive, but an environment where inflation is allowed to have its way and economic growth is sick (stagflation), is tantamount to the perfect storm for Gold Stocks and other Precious Metals!
So what do you do?
You load up on assets leveraged to the price of Gold – namely Gold stocks.
Wrong!
... A low growth high inflationary environment is poisonous for equities – Gold stocks included...."
By Chris Vermeulen http://www.kitco.com/ind/vermeulen/jul042008.html
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