Gold is known to be a very attractive prospect and safe store of wealth for investors in moments of economic depression or turmoil, making one expert’s new analysis of what we can expect over the next six months key for those ready to buy now.
Crescat Capital portfolio manager Tavi Costa expects economic growth to judder to a stop with so-called stagflation hemming in recovery for at least the next two quarters. He said, “I am in the of sort of a more of a stagflationary environment in the next six months or so. It’s difficult to see stagflation over a long period of time…but it’s possible to have periods of that and I think we’re getting into one. “I think the markets are going to lead the way. We’re seeing, on an annual basis, the CSI 300 of China index just turn negative. Right now, it’s 0.1% negative. Emerging markets are turning, and I think the next are developed markets in general.”