Gold Fever: Pondering the Causes

New York Times reports that Gold is an investment that historically made sense when inflation was rampant.

The editorial is quoted as saying:

It is tempting to view the soaring price of gold, which went above $1,400 an ounce earlier this month and remains close to that level, as a warning of imminent inflation. Such interpretations have fueled critiques of the Fed’s latest round of monetary stimulus as being the forerunner of a collapse of the dollar.

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