"We will be pushing, pushing, pushing on the string and dropping our guard, then 3-5 years from now...that's when the (inflation) dog will start barking," said PineBridge Investments' head of multi-asset Mike Kelly, who has been buying gold on that view. "Gold worries about such things long in advance. It has risen through this coronavirus with that down-the-road-risk top of mind," he added
LONDON: Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber.
With the world economy forecast to shrink 6% this year, it may seem like a strange time to fret about inflation.
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