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(ARND WIEGMANN/REUTERS)

SCOTT BARLOW

Sorry, gold bugs – hyperinflation isn’t in the cards yet

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Defying the protestations of precious metals investors, a former U.S. Federal Reserve President argues that U.S. money supply has been declining since Chairman Bernanke announced the upsizing of Fed’s open market asset buying program. Supported by recent data, the lack of money supply growth should assuage fears of U.S. hyperinflation and reduce the attractiveness of gold-related investments.