While gold is often seen as a hedge against inflation, gold could still rise despite fears of deflation around the world.
That is because governments often respond to deflationary forces in the global economy by weakening their currency for competitive reasons.
Currency weakness or debasement has typically been a good thing for gold.
William Rhind, CEO of World Gold Trust Services, told CNBC
World Gold Trust Services is the sponsor of the largest gold exchange traded fund, the SPDR Gold Trust.
That is because governments often respond to deflationary forces in the global economy by weakening their currency for competitive reasons.
Currency weakness or debasement has typically been a good thing for gold.
William Rhind, CEO of World Gold Trust Services, told CNBC
World Gold Trust Services is the sponsor of the largest gold exchange traded fund, the SPDR Gold Trust.
