Kitco News, Released on 12/3/20

Government measures of inflation are not properly adjusted to include assets like real estate, said economic writer Mish Shedlock.

Shedlock notes that what really drives gold prices is the decline of confidence in the central banks.

0:00 – Main drivers of gold
8:10 – Monetary policy and gold
12:44 – Definition of inflation
15:47 – Housing bubble

Mike “Mish” Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk.