The ECB Will Not Buy Gold

It was an interesting rumour and we were just starting to like the idea, but Mario Draghi just smashed all our hopes: it appears the ECB will not buy gold to help the European economy recover

(original publishing date: 12/04/2014)

Well we are disappointed, but we did not even really believe it was going to happen, here is what Draghi said earlier today about gold:

That’s a shame, but at least Draghi mentioned new easing coming in the first part of 2015.

And, apparently, the ECB Board is seriously talking about a QE.
Yes, talking, because that’s what those who matters in Europe have been doing for such a long time.

Keep on talking folks, but remember: the economy will not wait for you to make up your mind.

And, just for the record, the ECB cut its inflation forecast, once again:

Blah, blah and blah.