But doesn’t it at least reveal that gold is more in demand than the British pound, or shares of Deutsche Bank?
But doesn’t it at least reveal that gold is more in demand than the British pound or Deutschebank shares?
* * *
Gold Is a Terrible Predictor of Inflation, Bank of England’s Vlieghe Says
By Lucy Meakin
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:
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