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Is the “silent tax” an imminent threat?

The FOMC announced yesterday that with long-term inflation expectations stable they see inflation running over the medium term at a rate at or below the Committee’s objective of 2%. Considering that the FOMC has been consistently wrong with its forecasts, it feels safer to assume that inflation is most likely about to soar. Add to that the loose monetary policy, the persistently high levels of sovereign debt and the rising commodity prices, investors could be looking for ways to protect their wealth from the “silent tax”, starting from the main currency without a printing press, i.e. the yellow brick.
Dafni Serdari
Market Analyst

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