Gold News

Buying Gold may rise as 'decade of inflation' is expected

Gold bugs received a boost today (May 14th) after an experienced Wall Street analyst claimed that inflation is set to undergo a major spike in the next ten years.

Ted Peroulakis, who has been working in the financial industry for 14 years and is a regular contributor to the Investor's Daily Edge newsletter, described Fed chairman Ben Bernanke as an "inflationist".

He noted that central banks around the world have been pumping money into the markets in order to tackle the recession and that inflation - against which people often Buy Gold as hedge - will return emphatically.

Writing on ContrarianProfits.com, he noted: "Inflation could really skyrocket, especially when we finally emerge from this recession.

"Inflation eats away at your purchasing power and takes away your wealth. One of the best ways to protect against inflation is to invest in commodities."

Meanwhile, Adrian Day, head of Adrian Day Asset Management, has suggested that Gold Prices are a "virtual certainty" to rise over the next two to five years, Mineweb reports.

Speaking at the recent New York Hard Assets meeting, he explained that the yellow metal - which tends to move in the opposite direction to the dollar - will blossom as the greenback is set to lose considerable purchasing power.

How best to Buy Gold today? "If there's an easier route to buying investment gold, I have not found it," says one BullionVault customer. Find out for yourself and start Investing in Gold here...

BullionVault-cube-19170775-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals