Jim Grant on Gold's Central Bank Buying and Possible Revaluation

Jim Grant is writing about Gold again in his erudite historian way. In a brief but tightly-worded comment in this week’s Interest Rate Observer he touches on: The press infatuation with pronouncing Gold dead, Central Bank purchases and history, Gold’s performance in 2022 as inflation hedge (not so good), the potential for European Central Bank revaluations and more. Here is an attempt to summarize and decode some of it.