German inflation hits 29-year high of 4.1%
Repost from 10-5-2021
“German inflation hit 4.1 percent in September, its highest level for 29 years, prompting some economists to question whether central bankers are right to assume the surge in prices is only temporary and will disappear next year.”
USAGOLD note: Many might pass over the headline above as typical of the trends at work in economies around the world including the United States. In Germany, however, where inflation has been generally unknown over the past several decades and gold demand is already running at very high levels, the effect will be profound.
Image: Stammbach notgeld, Germany, 1921