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Don't Miss the Coming Gold Bull

Monetary supply has been pumped up by the Fed however that is being countered by massive deleveraging and deflation. Banks are just taking the money and using it to build reserves. The velocity of what the Fed is printing is zero or so close to it that is irrelevant. Not to mention that a lot of it is purchase of undervalued assets that is not inflationary. Socialist as all hell, but not inflationary.

With continued foreclosures, defaults, unemployment and whatnot in the works for the next year at least don't count on banks doing anything but sucking up the output of the printing presses for a good while.

Obama can spend a trillion on stimulus and it won't matter. Another trillion on the national debt won't change anything and won't lead to hyperinflation. The federal debt problem is a problem measured in the 10's of trillions.

Zero interest rates, quantitative easing and so on - we have seen it before in Japan. It led to a stagnant economy, but nothing like hyperinflation at all.

Yes you can invest in gold if you want, but don't count on big returns. Or even keeping up with inflation. Gold is pretty well priced compared with other hard assets right now. Buying now is not buying low.

Is It Time to Buy? What History Shows

One thing that peeps forget is that stocks prices are based on anticipation of future earnings. Not current earnings - that is like ancient history. Usually two quarters out future earnings. And we have already been in a recession for a year.

It is time to start accumulating. Dollar cost average.

Roger Wiegand: 'Severe Bull Market' Ahead for Gold

There is no reason to buy gold. Other materials with intrinsic utility (platinum, iridium, rare earths) make more sense. IF you think western civilization will collapse to the point where these assets will become useless, then buy ammo and long lived food products. In famines and chaos nobody is going to have any use for gold.