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Financial Times/Michael Mackenzie/5-15-2020
“Debt is soaring and unorthodox policy stimulus from central banks is in overdrive, courtesy of coronavirus. For some investors, the cost of such efforts is inevitable: inflation will come roaring back in coming years.”
USAGOLD note: Mackenzie says that though disinflation and deflation are the logical concerns at the moment there are factors at work in the economy that make the idea of inflation “not so abstract.” He says “holders of gold … sense their moment has come.”