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Podcast: Money Life with Chuck Jaffe
Episode: Midas' Winmill: It's 'the middle innings before we see gold really take off'
Description: Thomas Winmill, manager of the Midas Fund, says that while gold has not done well in its traditional role as an inflation hedge over the last year as higher prices have gripped the country, it would be too early to give up on precious metals filling that role, especially as inflation stays in place for longer than was initially expected. Winmill also notes that if the economy heads into a recession, the permanence of gold will elevate it over cryptocurrencies and other hot assets that have been proposed as alternatives to precious metals in troubled times. Also on the...