I’m not saying nothing else can do the job before inflation fully gets here, just that the kind of inflation I’ve been writing about certainly will do it if nothing else does.
Over the years, I’ve learned to keep one hand on my wallet and one hand on my physical gold and silver safe when a Fed official promises more transparency.
That means all the government interference is already fully in place. The economy is bloated with cash and savings, but all of the inflation simmered in the background so few people saw inflation coming.
Surely many issues remain to be addressed arising from last week's panicked protest to the Bank of England by the London Bullion Market Association and World Gold Council about the impending "Basel 3" regulations emanating from the Bank for International Settlements..
Maguire construes the Basel III regulations as an attack on the "paper gold" mechanism of gold price suppression, a trigger for an upward revaluation of gold, and thus an attack against the domination of the currency markets by the U.S. dollar.
With stocks riding an extreme deluge of Fed money printing, selloffs are minor and far between. But are these seemingly-perpetual gains to endless lofty record highs justified fundamentally?
All indications point to another gold run amid rising geopolitical tensions, tighter supply, central bank gold buying, low interest rates, negative real yields, and what could be the most inflationary period in decades.
