Gold prices have soared and some are buying on fears that inflation will weaken the dollar even further.
One hedge fund whiz kid, David Einhorn, says forget about whether the consumer price index rises or falls — just buy gold anyway.
Gold doesn't care about inflation, just if Washington is managing its economy well or not, says the president of Greenlight Capital.
“I have seen many people debate whether gold is a bet on inflation or deflation. As I see it, it is neither.
“Gold does well when monetary and fiscal policies are poor and does poorly when they appear sensible,” Einhorn told The Wall Street Journal. (more)
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