from The Sovereign Investor:
All the lip-flapping these days in Europe is about deflation. And if you’re listening to it — and even if you’re not listening to it — you should buy gold.
Pundits are worried that because the European economies have slowed and prices have retreated a bit, deflation therefore is stalking the Continent like Jack the Ripper stalking London’s East End. Sweden fanned the flames last week when that country’s central bank cut interest rates to 0%. Not near-zero, like in the U.S. … literally, 0%. It did so even though there is no indication that deflation is anywhere near the Viking land.
In that world, gold — supposedly — is odd man out.
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