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]
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
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-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
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Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
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Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 14-17, 2020
https://neworleansconference.com/online-registration/ [5]
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg [6]
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg [7]
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com [8].
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651... [9]
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net [10].
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org [11]
To contribute to GATA, please visit: