Second, gold performs best when there is a risk of high inflation, as its popularity as a store of value increases. But, despite very aggressive monetary policy by many central banks – successive rounds of “quantitative easing” have doubled, or even tripled, the money supply in most advanced economies – global inflation is actually low and falling further.
其二，在可能出现高通胀风险时黄金投资的表现最好，因为它被普遍认为是一个增值的储备品。但尽管许多中央银行都实施了非常激进的货币政策——连串的“量化宽松”使大多数发达经济体的货币供应增加了两倍甚至是三倍，全球通胀率实际上是维持在一个低水平并进一步下行的。