Click here to get this article in PDF
The UNITED STATE Customer Cost Index (CPI) rose 0.9% in June, after a 0.6% increase in May. Year-on-year, headline inflation is now at 5.4%.
Will Rhind, Chief Executive Officer of GraniteShares, said that gold, being a rising cost of living bush, can remain to rise if inflation does not cool off later on this year.
" I assume if we begin to see rising cost of living numbers high or raised after the summertime, when everybody returns from holidays, September time, I assume we can easily see [$ 2,000 gold] prior to completion of the year," Rhind informed David Lin, support for Kitco Information.
0:00– Headline CPI climbed to 5.4%.
2:30– What is a rising cost of living bush?
3:47– Lumber has erased 2021 gains.
8:27– Gold responds to greater than just rising cost of living.
11:34– Gold is still underestimated.
16:02– Bitcoin vs inflation?
19:12– Supplies vs rising cost of living.
__________________________________________________________________.
Kitco News is the globe's # 1 source of steels market info. Our videos include interviews with noticeable sector numbers to bring you market-affecting understandings, with the objective of helping individuals make educated financial investment choices.
Sign up for our channel to stay up to date on the most recent understandings relocating the metals markets.
For more breaking information, visit.
Follow us on social media sites:.
Facebook -.
Twitter -.
StockTwits -.
Online gold cost and charts:.
Live silver rate as well as graphes:.
Do not neglect to sign up for Kitco Information' Weekly Roundup– comes out every Friday to wrap up the best tales & video clips of the week:.
Join the discussion @ The Kitco Forums and belong to the premier online area for rare-earth elements investors:.
Disclaimer: Video clips are not trading suggestions and the views expressed might not mirror those of Kitco Metals Inc
.
Inflation hit another 13-year high, expect $2k gold price by year-end if things don't change
The U.S. Consumer Price Index (CPI) rose 0.9% in June, after a 0.6% rise in May. Year-on-year, headline inflation is now at 5.4%.
Will Rhind, CEO of GraniteShares, said that gold, being an inflation hedge, can continue to rise if inflation does not cool off later this year.
"I think if we start to see inflation numbers high or elevated after the summer, when everybody gets back from vacations, September time, I think we can easily see [$2,000 gold] before the end of the year," Rhind told David Lin, anchor for Kitco News.
0:00 – Headline CPI rose to 5.4%
2:30 – What is an inflation hedge?
3:47 – Lumber has wiped out 2021 gains
8:27 – Gold responds to more than just inflation
11:34 – Gold is still undervalued
16:02 – Bitcoin vs inflation?
19:12 – Stocks vs inflation
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
