GOLD 0.07% $1,342.0 gold futures

"Why pick just those components from the CPI?"@gozinsaIt wasn't...

  1. 7,342 Posts.
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    "Why pick just those components from the CPI?"
    @gozinsa

    It wasn't my choice. They were the components selected by GATA (in the article that "shattered" @Dentie) for their dubious case that the US government has been suppressing of the price of gold.

    I can't see a win for the gold bugs in this. If the CPI is higher, gold isn't performing to brand (as inflation protection). If the CPI is lower, it is hard to argue that the price of gold aught to be higher in price. Lose-lose.


    Last edited by timber1956: 22/05/19
 
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