Some pundits are talking deflation. And recently the Fed Chairman said inflation is not high enough. Of course, the government measures inflation by the Consumer Price Index (CPI)-excluding energy and food. What U.S. consumer does not buy food, gasoline, and some sort of energy to heat and cool their home? The price of grains was up sharply the last few weeks. And so is the price of oil. What would the CPI number be if food and energy were included? Inflation alarmists point to the sharp increase in oil and food prices and claim that inflation has already begun. However, while grain prices are up, I notice eggs are on sale all over town.
(Q) If gold is fluctuating wildly in price I don’t want my new buy order to be held up with some sign up procedures. If one of our readers wants to open an account at BullionVault, how long does your sign up, fund and buy process usually take?
No. It’s regulated by straightforward property law, which is far more reliable at finding and prosecuting wrongdoers than complex securities law seems to be. Because our users are buying physical gold, not some complex gold security, and because they are exchanging their money for physical bullion at the instant of trade, they are deemed in British law to be competent to understand the nature of the transaction.