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As markets flounder, one asset is sure to hold its value Add to ...

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Investors have good reason to be confused.

Central banks have taken monetary intervention to unprecedented levels since the financial crisis, and thereby prompted worried markets to paint two entirely contradictory scenarios for what may lie ahead.

One scenario, repeated ad absurdum by the hard money crowd, holds that crippling inflation – or even hyperinflation – is lurking just around the corner. If that’s the case, it makes sense to dump your bonds, buy gold and wait out the ensuing disaster.

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