Index providers are massively dull — and massively profitable
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Passive beneficiaries, aggressive margins
2009-12-02
S&P 500 Index in terms of Gold
We're back to levels seen last April. What does it mean? While I still lean towards deflation, this clearly illustrates what I'd expect to see in a high inflation environment: gold rising faster than stocks. Precious metals are the best asset to hold during hyperinflation.
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