Inflation"surges and hits highest level in 40 years" screamed the headlines in the past week. Perhaps there is hope for my gold position, which I took in December 2020 in anticipation of inflation. Thus far, the precious metal has been as effective as a lifeboat with a hole in it.
A Bloomberg report last week indicated that economists have underestimated the monthly change in inflation in eight of the past 10 months...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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