Physical Gold Responds to Bank of England Quarterly Inflation Report

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Leading UK gold dealer, Physical Gold, has responded to the latest Bank of England quarterly inflation reports – the last from Sir Mervyn King.

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Inflation, which is currently at 2.8% is likely to edge higher in coming months as well as remaining above 2% until 2% until the start of 2016.

The Bank of England is predicting a modest and sustained recovery for the UK, but had warned that inflation will remain stubbornly high, reports UK financial website This Is Money.

Growth is expected to pick up to 0.5% in its second quarter of this year, but the hangover from the financial crisis is expected to make recovery weak and uneven.

It was the last quarterly inflation from bank governor Sir Mervyn King before Mark Carney takes over the role in July. He added that inflation, which is currently at 2.8% is likely to edge higher in coming months as well as remaining above 2% until 2% until the start of 2016.

A spokesperson for Physical Gold said:

“One of gold’s best and most useful benefits is that it’s a safe hedge against inflation. Many concerned savers and investors are seeking a new, more reliable store of wealth, and many have turned to gold. With inflation expected to rise and continue, it makes sense to make moves to protect savings and look into gold investment.”

Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.

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Dan Fisher
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