Mississauga, ON -- (SBWIRE) -- 09/22/2021 -- AllPennyStocks.com Media, Inc. (https://www.AllPennyStocks.com/) announces its latest article titled "Inflation Worries Should Have Investors Looking at This Stock."
Companies mentioned in this article include Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) (OTCQB:GLDRF).
Article Excerpt:
Headlines abound on inflation right now. "Transitory Inflation Can Be a Lasting Affair" and "Inflation is All Over the Place" are two already this week in the Wall Street Journal. A recent report from Fox Business revealed that 224 CFO's at S&P 500 companies referenced inflation during their latest quarterly conference calls. That's the most demonstrating concern about rising inflation since just after the Great Recession a decade ago.
The simple fact is that the U.S. was printing money at a feverish pace during the coronavirus pandemic. An unavoidable downside to money printing, no matter how many soft, placating words like "transitory" some pundits want to use, is inflation; plain and simple. This fact will have investors looking at gold and gold stocks, as the price of gold typically is inversely related to the U.S. dollar because the precious yellow metal is denominated in USD. Therefore, when inflation rises and devalues the greenback, gold's value should increase along with inflation.
The full version of this article can be found at: https://www.allpennystocks.com/specialreportsca/1600/inflation-worries-should-have-investors-looking-at-this-stock
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Note: AllPennyStocks.com has been compensated twenty-two thousand five hundred dollars by the company for its efforts in presenting the ITKO profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/spotlight/1074/idaho-champion-gold-mines-canada-inc.