Business: Spreading Rush to Tangibles

In the past twelve months, they have soared like Superman

Gold is not the only game in town. From fine art and oriental carpets to housing in the suburbs and vacation land in the sticks, Americans in record numbers are doing something that they have never done beforeĀ— bailing out of their own national currency and dashing for inflation hedges wherever they can find them. Like generations of inflation-scarred Europeans, they are parking more and more of their wealth in investments that do not necessarily pay interest but at least prom ise to preserve...

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