There is nothing left but agree to disagree about how all this will end... Ugly...
Note the market today is in a tizzy. Why? Because the sovereign bond market in the EU is crashing. Why? Fears of deflation in the EU. Flight to safety. Yes, it's benefiting gold prices, along with USD prices.
We don't disagree there is the potential for hyper-inflation in the future. Where we disagree is that it's guaranteed to happen, or that it's just around the corner. Deflation is the current problem.
As a side note if one wants to be a gold bug, then become a pure one. Buy 1 oz Krugerands. Being in a gold stock does nothing. Why? Because a gold stock represents a mining company. A mining company is... a company. Subject to loans, debt, and the economy in which it operates. I was following one NYSE $12-19 gold stock back in 2008 as the financial crisis started to occur. I had traded it off/on several times for minimal profit. The Long&Strong crowd was literally cheering as the 2008 crisis unfolded. Only problem is although gold went up, gold stocks went down. After awhile the cheering for gloom&doom stopped, as the stock PPS hit $4. Besides, I've always thought Krugerands look neat. ;)
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