Gold reached the value of $1,045 an ounce, which is in line with the fact that the value of the dollar decreased and that price of stocks spiked. Analysts believe that Australia increase in interest rates explains the weakness of the dollar. But, is it the reason? Is it the only reason?
The loss of value of the dollar points towards an inflationary area that may start this quarter. But is it true? Is the socioeconomic environment ready for an inflationary and growth period? Are we not looking at indicators of a deflationary period?
I engage my reader to think about inflation and deflation, and invite him to read some authors - Prechter, Schiff, Chandler, Holmes- that have taken a clear position about inflation or deflation, and to understand their arguments.
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