Reuters/Francesco Canepa and Balazs Koranyi/2-26-2021
“Greece’s Yannis Stournaras became the first European Central Bank policymaker on Friday to openly call for increasing the pace of ECB bond purchases to stem a rise in borrowing costs.”
USAGOLD note: It is only a matter of time until a few lone voices grow to a chorus. Is there much doubt the course of action central banks will decide to take? We hasten to remind that central banks may print fiat currency, as Stournas suggests, but short of finding the philosophers’ stone, they will not print gold.
