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Inflation "surges and hits highest level in 40 years" screamed the headlines in the past week. Perhaps there is hope for my gold position, which I took in December 2020 in anticipation of inflation. Thus far, the precious metal has been as effective as a lifeboat with a hole in it.

A Bloomberg report last week indicated that economists have underestimated the monthly change in inflation in eight of the past 10 months...

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