The Central Bank of Bolivia (BCB) has proposed a law that would effectively make it the sole purchaser of gold produced within the country. The central bank’s proposal would also allow it to use gold reserves as collateral or swap them for foreign currency, local newspaper El Deber has reported.

In an interview with the Wall Street Journal, Treasury secretary Janet Yellen admitted that the chain of stimulus plans implemented by the US administration helped create the problem of inflation.

(Kitco News) - The gold market remains in roughly neutral territory as activity in the manufacturing sector picked up last month.

Governments love inflation. It is a hidden tax on everyone and a transfer of wealth from bank deposits and real wages to indebted governments that collect more receipts via higher indirect taxes and devalue their debts. That is why we cannot expect governments to take decisive action on inflation.