Inflation returns to 13-year high, stocks overdue for 'fairly significant drawdown' - Ted Oakley

Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday.

Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices.

"We think you have to have a mix of agriculture, food, energy, anything that is tied to making hard things. Real estate is a good hedge too. Unfortunately, it's starting off with a really high level, so you can't price it from a cash flow standpoint," he said.

For more information on inflation hedges, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

By David Lin

For Kitco News

Follow @davidlin_TVdlin@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Silver inventories rebound in UK, output from major producers rises

Silver's three-month outperformance continues

Silver & Copper Supply Distortions Continue

Gold stocks down in risk-on shift

Gold stocks rocket on metal rebound and equities jump