Gold Price and Inflation

gold nugget specimen

Gold is higher for one important reason inflation, and while others are covering their ears with their hands and saying no, no, no, no, there are not signs of inflation, I absolutely disagree with them. We are seeing inflation!

Take a walk in the supermarkets and check out the products companies are selling, they are already feeling the punch of higher commodity prices, they are shrinking their boxes and cans but prices for such items remain the same. Go out to eat, a 8 oz steak meal that cost last year 14.99 is now a 6 oz steak meal for the same price of 14.99…a can of foffee 11.5 oz was 1.99 on sale last year, it is now 11.3 oz for the same price, cereal boxes are also shrinking. Read more