Industry News

Forbes: Gold expected to pick up along with inflation

With the economy on the brink of inflation, the time to buy gold is near, according to a recent report from Forbes.

Hedge fund gurus Jeremy Grantham, of the $97 billion GMO, and John Paulson, of the $14 billion Paulson and Company, agree that as inflation picks up, the real price of gold will follow suit. They are following other analysts in recommending gold, the news source states.

“By the time inflation becomes evident, gold will probably have moved, which implies that now is the time to build a position," Paulson told the news source.

The report concluded that if strong inflation does occur then many will find it difficult to resist buying gold despite the fact it will have already moved.

According to a recent report from Bloomberg, gold demand has gotten stronger as wagers have hit the $131 billion mark. With the gold market bullish, gold mining stocks and investment in mining operations could pick up in certain mining regions that have displayed promise, including Alaska and British Columbia.