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The Enduring Glow of Gold

BEIJING |  Caixin Magazine | A ripple of skepticism recently hit prices of the yellow metal, but gold remains the ultimate hedge on inflation, as former Morgan Stanley’s Chief Economist for Asia Pacific Andy Xie explains. The global economy has already entered into stagflation with a growth rate of 2 percent and inflation at 3 percent. The inflation rate is likely to rise above 4 percent in 18 months while the growth rate will remain stuck in the same range. With inflation twice as high as the growth rate, the global economy will slip deeper into stagflation.


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Back to gold, for clearing purposes

LONDON | This tells investors something about the scarcity of cash and quality assets to support compensation activity outside the regulated stock markets: from Friday CME…