Inflation is just starting to kick in now.
The beginning was the rise/recovery in the oil price along with the majority of commodity prices.
It takes time for iflation to rear it's ugly head however it is actually starting to happen right now.
The Gold price will react to this information slowly but surely and over the course of the next few months more economic data will reveal stronger inflationary pressures.
Gold may not go through the roof like some think however at the same time it is not going to collapse as the few think as well.
In any case it is gold mining companies that are going to benefit mostly in the current climate IMO.
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