Open menu Close menu Menu
Open charts menu Close charts menu Charts

For help and advice call us on:

0121 369 3000

8am to 10pm - 7 days a week

£ $
Live Metal Prices
Metal Ounce Gram
Gold £1,310.51 £42.13
Silver £19.662 £0.632
Platinum £902.25 £29.01
Palladium £2,105.00 £67.68

Updated 19:40 08/05/21

First ECB and now the BOJ

By Duncan Richardson, News Editor

27 Oct 2015

With inflation below target and growth weaker than expected speculation is rising that the Bank of Japan may surprise the markets and ramp up the size of its quantitative easing program when the policy board meet on Friday.

Analysts are predicting he BOJ may target an annual monetary base expansion from 80 trillion yen to 100 trillion yen. Despite aggressive monetary easing the BOJ has failed to drive inflation towards 2%.

On Thursday the President of the European Central Bank, Mario Draghi, suggested the ECB would be ready to increase the size of its quantitative easing program in December if inflation remains subdued. Currently the ECB is printing 60bn euros a month.

With Central banks determined to debase the value of our fiat currency by at least 2% per annum is it a good time to add gold to your portfolio?

Gold is currently trading at £759.92 per ounce, silver £10.38 per ounce, platinum £645.06 per ounce and palladium £443.85 per ounce.

comments powered by Disqus