Rising inflation is dangerous and picks winners and losers; win with gold – Degussa
The pandemic has increased deflationary risks in the global economy, but according to one economist, it's the long-term inflation threats that investors have to pay attention to as governments and central banks around the world pump liquidity to support the devastated global economy.
In an interview with Kitco News, Thorsten Polleit, chief economist at Degussa, Europe's largest precious metals trading firm, said that inflation is more than just prices consumers see on their grocery receipts. He said that asset price inflation is extremely dangerous as it debases a nation's currency and reduces consumer purchasing power.
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Видео Rising inflation is dangerous and picks winners and losers; win with gold – Degussa канала Kitco NEWS
In an interview with Kitco News, Thorsten Polleit, chief economist at Degussa, Europe's largest precious metals trading firm, said that inflation is more than just prices consumers see on their grocery receipts. He said that asset price inflation is extremely dangerous as it debases a nation's currency and reduces consumer purchasing power.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490328854474588
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Rising inflation is dangerous and picks winners and losers; win with gold – Degussa канала Kitco NEWS
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