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In a bizarre twist, central bankers actually want the price of gold to rise because it would be an indication that attempts to stave off deflation were working. Why do we have all of this upside down thinking?
In the past year, we've seen gold go up on fears of inflation, then it rose on fears of deflation. Analysts who follow gold say that it may be entering a structural bull market. Why is this? For one thing, gold has held firm mainly due to the problems in the banking industry.
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