Does the End of Transitory Inflation means the End of Gold Bul | ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸
Does the End of Transitory Inflation means the End of Gold Bulls ?
The debate about the nature of inflation is over. Now the question is what the end of transitory inflation implies for gold.
Welcome to the inflationary machine. Welcome to the new economic regime of elevated inflation. That’s official because even central bankers have finally admitted what I’ve been saying for a long time: the current high inflation is not merely a transitory one-off price shock. In a testimony before Congress, Jerome Powell agreed that “it’s probably a good time to retire” the word “transitory” in relation to inflation. Bravo! It took only several months longer than a freshmen students to figure it out, but better late than never.
