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Gold Celebrates Complete Lack Of Inflation By Surging To New Record

Posted By admin On April 15, 2011 @ 9:00 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
April 15, 2011

On one hand we have the BLS telling us core inflation declined to a ludicrous 0.1%, on the other hand Charles Plosser just had a soundbite, captured for posterity, that “high oil prices don’t cause inflation”, but luckily confirming there is someone not taking crazy pills, is the third hand, which takes gold to a new all time high of $1,481.46. We wonder, of the three hands, which one is right…

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