But the new "In Gold We Trust" report does include something by way of explanation. It is a long commentary by the third anonymous participant in the "Friend of Another" series of commentaries that began two decades ago..
Now the Fed is trying to downplay the recent surge in consumer prices as “transitory” so that it can continue to pursue extraordinary stimulative monetary policy – while egging on Congress to rack up gargantuan deficits and dole out trillions of dollars.
“Given the dramatic levels of debt-financed spending by the federal government and the potential this could trigger an inflationary nightmare, ensuring America’s gold reserves are both secure and fully accounted for has never been more important,”
Surging inflation is currently hitting the United States - but it isn't the kind of inflation that many people believe it is. Inflation can arise from a number of different sources, and money creation is only one of the sources.