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Home > Bank of England official says gold price 'tells you precisely nothing'

Bank of England official says gold price 'tells you precisely nothing'

Submitted by cpowell on Wed, 2020-09-02 19:45 Section: Daily Dispatches

But doesn't it at least reveal that gold is more in demand than the British pound or Deutschebank shares?

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Gold Is a Terrible Predictor of Inflation, Bank of England's Vlieghe Says

By Lucy Meakin
Bloomberg News
Wednesday, September 2, 2020

Bank of England policy maker Gertjan Vlieghe warned that it's a "terrible idea" to look at gold prices as a predictor of inflation.

Investors have piled into bullion this year, pushing the price up 30%, amid speculation that massive government spending worldwide to counter the coronavirus shock will push inflation higher.

But Vlieghe, a former Deutsche Bank AG bond strategist, told U.K. lawmakers today that the record-high price of gold "tells you precisely nothing." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2020-09-02/gold-is-a-terrible-pr... [1]



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»

Source URL: http://www.gata.org/node/20457

Links
[1] https://www.bloomberg.com/news/articles/2020-09-02/gold-is-a-terrible-predictor-of-inflation-boe-s-vlieghe-says
[2] https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organization-names-money-metals-exchange-dealer-of-the-year-in-us-000664
[3] https://www.moneymetals.com/buy
[4] https://www.moneymetals.com/depository
[5] https://neworleansconference.com/online-registration/
[6] http://www.gata.org/files/GATA-4-wine-bottles.jpg
[7] http://www.gata.org/files/FayJWineryVarietals.jpg
[8] mailto:bagman1236@aol.com
[9] https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1
[10] mailto:srenglert@comcast.net
[11] http://www.gata.org
[12] http://www.gata.org/node/16