Investors worried about sticky inflation are dumping gold, which has traditionally served as a hedge against price inflation. Is that a mistake? I think it is, and I'll explain why.
Complaints of gold price manipulation gained attention this week from the Official Monetary and Financial Institutions Forum, a London-based group linked to central banks.
There is also the potential for a full-blown liquidity crisis and wide-scale bank failures. In that case, expect short-term interest rates to soar on the upside.
