Gold broke decisively above both its 50-day and 200-day moving averages last week. The metal hit $1,815.50 per ounce before closing the week at $1,796.30 per ounce. As financial analysts come to grips with the strength of the inflationary pressures in the U.S. economy, the real-life consequences of uncontrolled inflation are coming into view. CNBC reports, “Billionaire hedge fund manager Paul Tudor Jones believes inflation is here to stay, posing a major threat to the U.S. markets and economy. … Jones said the trillions of dollars in fiscal and monetary stimulus is the impetus for inflation to run hotter for longer. “‘I think to me the No. 1 issue facing Main Street investors is inflation, and it’s pretty clear to me that inflation is not transitory,’ Jones said Wednesday on CNBC’s ‘Squawk Box.’ ‘It’s probably the single biggest threat to certainly financial markets and I think to society just in general.’” The threat to society comes from the loss of savings and purchasing power. Investors may want to consider adding gold holdings to their portfolios—not just as an inflation hedge, but as a haven in turbulent times. Rick Andrews is president of Avant Capital Management.