| Usually low inflation is bad news for gold prices. But according to one analyst, the economy’s recent bout of deflation could actually be bullish for precious metals. Gold prices are soaring. Year-to-date, the yellow metal is up more than seven percent. The move is unexpected, given most analysts expect gold prices to fall during periods of low inflation.
According to Boris Schlossberg, the reason is simple. In an interview with CNBC, the BK Asset Management currency strategist explained that investors can pile up their hard-earned banknotes under the mattress and get zero percent, which would be better than paying banks to keep their money...............................................Full Article: Source
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