Jason Rogers
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Gold flies in inflation periods as it is an inflation hedge the reason for this is that, faith is lost in 'fiat currency (s)' (unbacked paper like $, £ etc..).. its buying power slips, tangibles namely commodities get more expensive in light of devaluing currency perception.
Yet if inflation were increasing, we haven't seen commodities, such as oil, moving at the same pace as the increase in gold. Even last time gold was hitting these levels in February, oil was around $40/barrel. What else is at work here pushing gold up? Maybe due to equities?