BUCKLE UP: Big Inflation Is Coming And That Will Be Bullish For Gold & Silver

Wednesday, May 20, 2020
By Paul Martin

May 20, 2020

Investors should buckle up because big inflation is coming and that will certainly be bullish for gold and silver.

Yes, Inflation Is Coming
May 20 (King World News) – Peter Boockvar: You don’t need central bank induced negative rates to have negative rates. The UK sold 3 yr gilts totaling 3.75b pounds at a yield of .003%. Now we can call that a ‘technical’ difference and that it is still essentially zero. BoE Governor Andrew Bailey does speak today and I do expect him again to downplay the implementation of negative rates. After the experience seen in Europe and Japan with NIRP, it is completely beyond me why it is even being debated.

The CPI in the UK in April came in about as expected with a headline gain of .8% y/o/y and a core rise of 1.4%. Producer prices saw sharp declines unsurprisingly. There remains this amazing obsession with avoiding deflation, nonsensically I believe, but prices are going to go where they are going to go in response to supply and demand. Either way, the only focus of central bankers right now is buying time to better economic growth. The pound is little changed as are gilt yields and the FTSE 100…

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