Everyone is absolutely certain they know what gold will do in times of inflation - obviously we'll have a repeat of the 1970's when gold gained in relative value terms, kept its purchasing power, and provided a hedge against inflation.
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Here's the dilemma - you see a house selling for a certain amount and realize that it doesn't cost you much to finance it, because your carrying costs are low.
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From the
FT.com:
The conspiracy channels continue to make a big deal about the backwardation of gold — which is a situation in which gold prices for today are higher than for tomorrow.
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I often write about market valuation metrics, from CAPE to Q, and the conclusion is always the same: they're all really bad to use as timing factors.
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When John Bogle speaks, I like to listen. His simple, straightforward approach makes sense to me and has proven itself over time.
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Commodities/Futures | | 
May 16, 2013 3:09 pm | 
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