Because in the event of widespread inflation, we think the gold price will go up much more,” Trexler told Kitco News.
“There will be more and more spending, and there will be strong pressure to ignore inflationary concerns to achieve those targets.
economy could end up with the Fed that is much less concerned with inflation than in the past.
“When you start to see that rate of inflation, it will be very damaging for people on a fixed income.
“I am looking to diversify further, take more of a defensive position, and allocate more funds to gold, cash on hand, and safe-haven assets.
“Gold has been used all over the world as a hedge against the national economy you’re in and against currency risks.
But if you see 10% inflation, the dollar number value of gold could be much higher.