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IPFS News Link • Economy - Economics USA

Sam Zell Buys Gold To Hedge Against Surging Inflation, "Debasement" Of The Dollar

• https://www.zerohedge.com by Tyler Durden

...but as Wall Street strategists warned their clients on Tuesday as US equities tumbled, signs that the US economy might be headed toward hyperinflation are getting harder and harder to ignore.

As investors brace for the prospect of a sustained downturn in equities, Sam Zell, the infamous Chicago real-estate investor and billionaire, told Bloomberg that he's seeing signs of inflation everywhere he looks. 

And as Treasury Secretary Janet Yellen hints that the Fed (which she once led) might be forced to hike rates sooner rather than later, threatening lofty equity valuations, Zell is resorting to an old-fashioned inflationary hedge that some investors claim has been rendered obsolete by bitcoin.


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