​Central Banks Purchase Gold To Offset Their Own Monetary Destruction – Tyler Durden

Central Banks Purchase Gold To Offset Their Own Monetary Destruction Authored by Daniel Lacalle via The Mises Institute, Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it. We must begin by clarifying the question. It is true that inflation is slowly decreasing, but we cannot say that it is under control. Let us remember that the latest CPI data in the United States was 3% annualized and that in the eurozone it…  — Continue at ZeroHedge News : Read More