But when it comes to inflation, the only thing we have to fear is inflation fear itself.

但谈到通货膨胀，惟一让我们感到恐惧的是这种所谓的“通胀恐惧”本身。

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Such attacks can generate an unwarranted fear of inflation that frustrates the goal of QE.

这些冲击将带来对通货膨胀的无端恐惧，并影响到货币宽松目标的实现。

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Neither letter explained why we should fear inflation when the reality is that inflation keeps hitting record lows.

这两封信都没有说明在通货膨胀不断创历史新低的事实面前，我们为何要担心通货膨胀。

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"The good news for the price of gold is that even though the safe-haven appeal for gold has hit a plateau for now, future inflation fear is building as investors believe the U.S. and global economies have bottomed, " says Scott Nystrom, editor of the Gold Stock Strategist newsletter.

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Those who now fear inflation is set to run riot believe gold is the only place to invest.

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The low bond yield signals no fear of inflation, but the high gold price signals the opposite.

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