Select Page

Prices will soar as temperatures heat up with the Biden administration warning that the worst of inflation is still to come. A U.S. government official yesterday (Thursday) admitted that the peak hasn’t yet hit, despite the consumer price index packing in another 0.6% increase in May. In the last 12 months, a 5% price increase has been recorded – the largest jump recorded in 2008.

The official said, “It’s most likely that it’s going to peak in the next few months. We’ll probably see the worst of it this summer.” The official also suggested that the rate of inflation may fall towards the end of the year, though some cite increased government spending on infrastructure projects and education will make that decline unlikely.

The official acknowledgement that inflation rates will continue on an upward trajectory for a number of months is a huge boost for gold, which has used recent spikes and inflation fears as fuel for substantial price gains. This will only continue as the consumer price index continues to soar.

Buy now.

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge