The central banks have set the stage for a persistent and ugly inflationary future
Simply put, if you believe in high inflation, you would put your money in hard assets, like gold, real estate, commodities and certain stocks. And of course, the currency of the country where the inflation is taking place should be avoided. Day after day, the financial news features a parade of smug people pontificating on this issue. After the 2008 financial crisis I made a prediction that ended up being only partially right.
Federal Reserve would step in and bail out the system by printing money . Instead of making its way into consumer prices, all that newly printed money was funnelled into various asset classes instead.
Source: Frank Giustra | Toronto Star