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Stock impact report

Inflation's Persistence Explains Gold's Strength [Seeking Alpha]

GraniteShares 1.25x Long TSLA Daily ETF (TSL) 
US:NYSE Investor Relations: trinasolar.com/us/investor-relations
Company Research Source: Seeking Alpha
Just emerging from a multi-month dormancy to command the investing world's spotlight, investors are still discussing the reasons for gold's breakout to record highs and, more importantly, if the gold bull still has legs. The most common assumption is that the fed funds outlook is the reason for the metal's latest strength, a point well supported by near-term interest rate expectations. However, a far bigger catalyst for gold's demand explosion merits discussion; namely, the persistence of consumer price inflation. Gold has always enjoyed a wide perception among investors as being not only an excellent barometer of inflationary pressure, but also as being perhaps the ultimate inflation hedge. For instance, gold prices dramatically increased in value during the inflationary times of the 1970s, rising 20-fold on the back of rising consumer prices before peaking in 1980. Indeed, it was the wide perception that the living costs of those days were becoming unsustainable which kicked of Show less Read more
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