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Pros Say: Inflation Threat is Real, So Buy Gold

CNBC.com
Friday, 3 Jul 2009 | 4:14 AM ET

Global stocks were mixed on Friday after Wall Street's overnight selloff as the U.S. June jobs report came in worse than expected, reviving fears that the global economy is far from recovering. Experts tell CNBC how to invest under the threat of inflation.

Positioning For Inflation

Kirby Daley, senior strategist at Newedge Group is buying physical gold and distressed properties on 30-year fixed rate mortgages.

Hedging Against Inflation

Investors are positioning themselves for medium-term inflation, observes Brice Benaben, global head of inflation trading at Deutsche Bank.

Inflation Threat

The threat of inflation is there but is further out, says David Kotok, chairman and chief investment officer at Cumblerland Advisors.

US Economy Nowhere Near Recovery

After worse-than-expected U.S. non-farm payroll data, Michael Woolfolk, senior currency strategist at Bank of NY Mellon, tells CNBC the U.S. economy is nowhere near recovery.

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  • Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.

  • Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.

  • European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.