The Real Yield: A Critical Factor In The Current Climate
September 12, 2011 at 08:56 AM EDT
Conventional wisdom says that gold prices are a reliable indicator of the prevailing inflation winds. At best, that’s only a half-truth. The relationship between the precious metal and inflation is a two-way street. Yes, gold tends to rise when inflation’s trending higher. The linkage inspires the belief that the commodity’s price rises are driven solely [...]