The prospect of inflation getting out of control in a zero interest rate, money printing, Central Bank heavy environment has long been a given amongst many commentators and experts. This has translated into increased values of bonds, the stock markets, real estate and art (as a Picaso fetched $160 million at auction yesterday).
Yesterday Greg Hunter interviewed John Williams of Shadowstats.com and Williams, is still of the view that all the economic numbers released by the US government are much worse than stated as the methodologies have been changed over the years to make them appear better. He is a big inflation / hyperinflation guy so in his view, hyperinflation is (again) just around the corner.
Now if he is right, this is going to be good for those holding gold, silver, other precious metals, commodities and physical assets but it is going to suck big time for society in general. Gold bugs...watch what you wish for.