Crazy how a higher than expected inflation number causes traders to sell gold and buy dollars. Gold does best when inflation is rising, and higher inflation means the dollar is losing purchasing power. The selling should be in the bond and stock markets.

Crazy how a higher than expected inflation number causes traders to sell gold and buy dollars. Gold does best when inflation is rising, and higher inflation means the dollar is losing purchasing power. The selling should be in the bond and stock markets.

— Peter Schiff (@PeterSchiff) January 12, 2018