Is gold on schedule to catch the inflation train?

Seeking Alpha/Van Eck Funds/1-12-2022

grpahic illustration of powder kets with fuse lit“For those who think gold missed the inflation train, there are several reasons to reconsider. There have only been two other inflationary periods in the last 50 years. The first was in the seventies, the second from 2003 to 2008. In each of these inflationary periods, gold underperformed commodities in the first half and outperformed in the second half. It seems that markets don’t take inflation (or gold) seriously until it proves to be intractable. There are many reasons to believe 2022 will see the beginning of a wage/price spiral.”

USAGOLD note: Van Eck explains the things that held gold down in 2021 and what might cause it to break out in 2022.

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