'Gold doesn't need inflation to go higher' - George Milling-Stanley

Gold has historically been a good inflation hedge, rising as consumer prices climb. The issue now, is that inflation is likely to remain weak next year, said George Milling-Stanley, chief gold strategist at State Street Global Advisors.
"I'm not seeing inflation until well into 2021," Milling-Stanley said. "Gold doesn't need inflation to go higher. If you look back at the beginning of this century, just to the year 2001, gold was at $250 an ounce. Today, it's over $1,800 an ounce, and we have not had a lick of inflation in that 20-year period." (show less)

Gold has historically been a good inflation hedge, rising as consumer prices climb. The issue now, is that inflation is likely to remain weak next year, said George Milling-Stanley, chief gold strategist at State Street Global Advisors.
"I'm not seeing inflation until well into 2021," Milling-Stanley said. "Gold doesn't need inflation to go higher. If you look back at the beginning of this century, just to the year 2001, gold was at $250 an ounce. Today, it's ... (read more)

David Lin

David Lin

Anchor, Kitco News

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