Financial Times/Valentina Romei and Martin Arnold/1-11-2022
“Joachim Nagel, who succeeded Jens Weidmann as Bundesbank president and a member of the European Central Bank’s governing council this week, said: ‘Citizens have considerably less money left in their wallets . . . Many people are concerned about this loss of purchasing power.’”
USAGOLD note: Gold in physical form – coins and bullion – enjoyed record demand in 2021 among private investors pushed by global inflation and other economic concerns. In early 2022, we are beginning to see signs of funds and institutions joining their private investor counterparts through gold ETF purchases. As such, we could be in for a surprise or two in ’22……
