October 13, 2021
News Bites
Inflation returns to 13-year high, stocks overdue for 'fairly significant drawdown' - Ted Oakley
by David Lin
Kitco.com
Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday.
Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices.
“We think you have to have a mix of agriculture, food, energy, anything that is tied to making hard things. Real estate is a good hedge too. Unfortunately, it’s starting off with a really high level, so you can’t price it from a cash flow standpoint,” he said.
For more information on inflation hedges, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).
http://www.kitco.com/news/2021-10-13/Inflation-returns-to-13-year-high-stocks-overdue-for-fairly-significant-drawdown-Ted-Oakley.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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