9.2 C
New York
Thursday, March 28, 2024

The coming inflation shock and why gold could be headed to $3,000

 

The coming inflation shock and why gold could be headed to $3,000

Courtesy of 

 

 

Josh here – my friend Peter Boockvar says inflation is the next shock markets will have to deal with and the price of gold is headed to $3,000 per ounce. Stagflation – that rare occurrence where prices go up but many people are out of work while the economy stagnates – was last seen during the 1970’s. Peter believes a combination of current interest rate policies, a large group of unemployed workers and rising asset prices could contribute to a new stagflationary environment later this year.

Peter is the editor of BoockReport.com and is the CIO of Bleakley Advisory. I read Peter’s take on the macroeconomic data every morning to have a better understanding of what’s happening.

You can check out his stuff here.

Be sure to subscribe to The Compound's YouTube channel and follow Ritholtz Wealth on Twitter.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x