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1 Comment
Add your own1. Corey | August 14th, 2011 at 8:01 pm
Hi there. I wouldn’t look at copper as the barometer for inflation, even though it is now $4 a pound. I would instead look to a CRB commodity index like Jeffries, so you can see a variety of common commodities that are consumed. In general, it has gone up, but it’s certainly not in hyperinfaltion territory. You can see gold too, which has been hitting new highs recently ($1800), so this is another sign of inflation. Right now, inflation is creeping in, but the true hyperinflation may not happen for quite some time, but it is certainly not out of the question. Don’t ever say “it can’t happen here.”
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