Good video.. this is the gazillion dollar debate.. How much asset deflation will occur before the Fed's inflationary montery policy finds its way into tangible assets like oil, commodities, real estate, gold, and even equities? I don't think anyone knows that answer and if they do, I want to talk with them. It seems that most people agree on extreme inflation as being the outcome, but differ as to how we get there. Doug Noland and Jim Puplava have different views on this and so far Doug Noland has been closer to correct.

At this point the flight to gold seems to be more of a flight to safety versus an inflation hedge(since it is perceived by most we have deflation). When we see other commodities show some strength and the real estate process rebounding, I will be convinced monetary inflation is migrating to asset prices. For sure , gold will react in a BIG WAY at that time.

Until that time, I am invested in GOLD in the event we have a black swan event(like credit default Swap bank collapse) which could quickly drive the price of gold up several hundred dollars.

Long Gold,Silver, and TYHEE,

SilverNut