Now take this a with a grain of salt, as none of the purchasing is data normalized in any way. Additionally, any apparent comparison is probably just a coincidence. However, my pattern-loving monkey brain finds the 1964 to 2012 gold purchasing comparison by central banks interesting. Considering that 1964 (in or around) marked the turning point in inflation, right before inflation rates accelerated upward through the 1970's. See the chart from the St Louis Fed below. It is probably just spurious, but I wanted to provide you with something I was thinking about.
No comments:
Post a Comment