Gold is not a play on "CPI inflation"
By GCRU Gold News on Wednesday, April 22 2015, 02:27 - Permalink
Gold is a play on the economic weakness caused by bad policy and on declining confidence in the banking establishment (led by the Fed in the US). That’s why cyclical gold bull markets are invariably born of banking/financial crisis and/or recession, and why a cyclical gold bull market is more likely to begin amidst rising deflation fear than rising inflation fear.