Is the public finally concerned about inflation, which leads to gold/silver demand?
*CNNMoney, by David Goldman, March 18, 2008
Inflation is Americans’ Top Economic Concern
“Americans are worried about the economy, and inflation tops their list of concerns.
Ninety-one percent of respondents to a recent poll said they are somewhat or very concerned about the rising rate of inflation, according to a national CNN/Opinion Research Corp. poll released Tuesday. And 86% said they are worried about jobs.
The results frame the issue facing the Federal Reserve, which is balancing the threat of recession against rising inflation and is widely expected to lower its key interest rate Tuesday.
Of the over 1,000 American adults surveyed in the poll conducted March 14-16, 65% said they are ‘very concerned’ about inflation, and 26% said they are ‘somewhat concerned.’
Although the latest Department of Labor survey showed that consumer prices didn’t rise as much as investors feared in February, March’s inflation figures are expected to be ugly. Gold and oil continue to hit record highs, as do gasoline prices, and the dollar has seen record lows against both the euro and 13-year lows against the yen.”
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