richard daughty (the mogambo guru) should only be taken in small doses, but he does understand the concept of quantitative easing, and the effect it will have on inflation and the price of silver and gold:

Sharp-eyed Junior Mogambo Rangers (JMRs), are like everybody else and could not give a crap about my life, but are different from most folks as they are attuned to four exclamation points at the end of the aforementioned famous quote, “With interest rates already near zero, policy makers are likely to focus their debate on unconventional measures – so-called quantitative easing – to increase the nation’s money supply and jolt the economy out of recession”!!!!

Adjusting Junior Mogambo Ranger Decoder Rings (JMRDR) to the correct setting, this phrase is revealed to be a coded message that, when properly decoded, instructs you to “Buy more gold, silver and oil, because this deficit-spending around the world means that inflation in consumer prices is going to go freaking ballistic as a result of all of this money being created, not only from $2 trillion in deficit-spending here in America, but desperation-induced deficit-spending around the world, all horribly financed by central banks acting despicably, merrily making the money and credit to add to the money supply to carry out the despicable, deficit-spending wishes of despicable governments, and thus this whole thing is just a dinner bell going ‘Gong! Gong! Gong!’ alerting us greedy pigs to come waddling up and gobble up gold, silver and oil at prices that are so absurdly low that it makes us squeal in delight ‘Oink! Oink! Ooooooink!” which is, thankfully, not a reference to that whole beaver thing.”

And to prove that there are a lot of JMRs out there to whom this inflation news is not news but is, rather, exactly what we have been expecting since the Austrian school of economics (Austrian Business Cycle Theory) has been fearlessly predicting exactly what we now have, Reuters.com reports that “Mints around the world say demand for gold coins has risen sharply as interest in the precious metal soars on the back of financial instability and concerns over the inflation outlook.”

http://news.goldseek.com/RichardDaug...