We are facing demand-driven inflation as a consequence of misguided monetary policy and misdirected fiscal stimulus. Those aren’t the only problems by any means...
But why have gold prices continued to decline in 2021? After all, inflation-adjusted interest rates are at their lowest levels in decades, and these "real" rates have about a 95% historical correlation..
The last time I included a particular indicator of where temporary inflation and permanent inflation are headed, the indicator had risen in rather threatening manner to look like this..
