For the ultra-rich, it involves investing millions in an original Warhol or Picasso. For others, it will be gold, silver or rare stamps. Economists are puzzling over how almost every type of asset – commodities, property, precious metals, shares, bonds and even art – are testing dizzying new price levels.This parallel rise in all asset prices is unheard of in economic history. Traditionally, when commodities go up, stock markets go down. Stock markets don’t like soaring commodity prices, which have in the past translated rapidly into higher inflation and higher interest rates. Continue reading…
Source : theguardian.com
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