The New CS Board

[jumanji0881]

Russians go on a gold buying spree : https://www.kitco.com/news/2021-12-13/Russians-go-on-a-gold-buying-spree.html

Excerpt:
(Kitco News) - Russian nationals have bought a record amount of gold since 2014, the Russian media has reported (Sputnik). They bought four tonnes of gold bullion and coins in the past nine months, which is around 8% more when compared to the previous year, the reports specified.

Traditional gold investments have become very popular in other countries as well, with Americans having purchased 91.3 tonnes of the yellow metal in the past nine months (+79%), while in China and India gold buying has surged by 54% and 24% respectively.

Also, Larry Summers says Fed cannot control inflation: https://www.msn.com/en-us/money/markets/larry-summers-is-sounding-the-alarm-on-inflation-again/ar-AARLvvP?ocid=msedgdhp&pc=U531

Excerpts:
(Bloomberg) -- Former Treasury Secretary Lawrence Summers, a paid contributor to Bloomberg, reiterated his inflation views on Twitter, saying that “the idea that inflation will revert soon to levels anywhere near Fed’s target looks like a long shot.”

Summers adds that he sees “no compelling reason to expect major deceleration in inflation.”

Read More: Summers Says Policy Makers May Have Now Cemented Inflation at 4%