"Our findings should be of concern to everyone, because they confirm that price inflation has now taken root globally," said David Galland, managing director of Casey Research, a firm that provides actionable research for self- directed investors and institutions. "Superficially, the cause of such widespread price inflation can be attributed to rising commodity prices, especially fuel and food prices. But the roots of the problem are based in a long-term deterioration of the U.S. dollar, the de facto reserve currency of the world," added Mr. Galland. "That suggests that this is not a problem with a quick or easy solution, and so investors should be gravitating towards inflation hedges at this
time."
"While our survey is focused on the larger economies around the world, the inflation trend is, at this point, almost universal. Our researchers have come across riots over the price of food in Mauritania, to inflation exceeding the high end of Israeli inflation targets by 30%. We are seeing price controls being implemented in Thailand and 7-year highs in inflation in Finland," said Mr. Galland. "Given the context of this rising global inflationary trend, it is easier to understand gold's steady rise of late."