what if the target is the gold price… but the collateral effect is on the EUR? in that case, Draghi has only to smile… and do nothing
look cog, the ECB is a bunch of national bank governors that prefer less muscular approaches, traditionally
most of them are completely “gold neutral”. meaning they have gold on their balance sheets… like old stackers. it’s there, but not to even think of
there is one exceptional CB on this world that cares about a low gold price, with one supporter, the BoE
I have huge problems envisioning this bunch of technocrats going muscular on their bond markets and on the gold price… at the same time. it would start with endless discussions to which they would practically never agree anyway
just a theory, just an “educated” guess from me
powered by sue.ng a legal search engine