Pros Say: Inflation Threat is Real, So Buy Gold
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.
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.