a fat panda

The Case for Dumping Dollars, Buying Gold

Keep in mind that gold holds value where as a well run business creates it. Gold is a sensible hedge against the stupidity of government within your portfolio. At this point, it is probably best to increase that hedge. But until gold can mate and have children it isn't an investment. It is a hedge that will enable you to stand still while the rest of the country is sinking.

The Increase in Money Supply Came Sooner than Expected

Inflation is two parts, supply of money and supply of goods. We have yet to wring-out the excess capacity which is causing a counter-balancing deflationary force. That will come out, and the going out of businesses sales will end. We will start to see economies of scale working against us. So inflation is a pretty good bet.