James Grant: Keep hold of your gold

Thanks to central-bank activism, inflation is an ever-present danger, says investment guru James Grant.

James Grant's newsletter, Grant's Interest Rate Observer, is required reading in the financial world, says Switzerland's Finanz und Wirtschaft (F&W). Grant was among the very first to warn of a dangerous credit and housing bubble. The FT's John Authers called his prescience "uncanny".

Grant has never been a fan of central banks. Their easy-money policies helped fuel the crisis, and they are still causing trouble by blowing up bubbles in various markets.

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