Matt Blackman

The Myth of Gold as an Inflation Hedge

Check out the link to MZM posted by Gigem77 for the real story on money supply. As of the latest Fed figures, total money supply has increased 17% in just 15 months and is now growing at a annualized rate of 39%.

Ben Bernanke wasn't kidding when he asked a couple of years ago why we should worry about deflation as long as we had printing presses and helicopters. It is clear he now running both at combat speed! Certainly no reason to expect the dollar decline to end anytime soon.

Kinda takes the starch out of Price's anti-gold argument doesn't it?