Even with the government`s own measures that are low, the number is now 2.10 percent which is now above the so-called 2 percent target that the Federal Reserve has established, that the Federal Reserve said it is trying to reach. Well, like the bank of Japan (BoJ) it has now exceeded its target, although the Fed somehow is still going to pretend that is below target.
This trend is going to continue and we are going to leave 2 percent inflation further and further in the rearview mirror.
Related stocks and ETFs: Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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