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The Actual Motive Inflation Is Short-term – Tim Ghriskey on “Technological Deflation”


The Actual Motive Inflation Is Short-term – Tim Ghriskey on “Technological Deflation”


Headline CPI inflation rose to 6.2% in October, its highest level since 1990. However, prices are unlikely to stay high forever as technological innovations create a more cost-effective economy, said Tim Ghriskey, senior portfolio strategist at Ingalls and Snyder.

“We are in this technological revolution. I think it’s bigger than the industrial revolution from over a century ago. The innovation continues and we will continue to see costs rise for businesses and businesses run more efficiently. “Ghriskey said David Lin, host of Kitco News,” I think the technological deflation factor is huge and will continue. ”

On gold, Ghriskey calls it the “anti-investment”.

“It’s a fear investment. When you think everything is going to fall apart when you invest money in gold. There are people who will keep it forever. I find it hard to believe that this is really a good thing because if we’re in Armageddon and you’re taking your piece of gold to a farm and I’d love to give that to you for a bunch of your harvest, I’m not sure whether the farmers would make this trade, ”he said.

For more information on which stocks to consider strategically investing in a deflationary global economy, see the video above.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not an invitation to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article assume no responsibility for any loss and / or damage that might arise from the use of this publication.


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