It will begin when the inflation in the system (and inflation is happening almost worldwide) becomes manifest. People, through changes in definitions (by design), no longer understand what inflation is. Inflation is the increase in the amount of currency. Virtually the whole world has experienced and is experiencing inflation but very few see it as the rise in prices (which they think is inflation) is only moderate.

Once again (as I have written on this before) the price of goods and services depends on two factors. The amount of currency chasing a particular good or service and the velocity of currency within an economy. As the monetary levels have increased, the monies have been given to and held by the banks to strengthen their balance sheets. The money/currency has not moved into the economy hence no strengthening of the economy and no inflation has occurred. As fast as the money has been printed; it has been hoarded. The one action counteracts the other to a large extent.

Even now the banks are receiving money and not lending it out. If you add an upsloping line to a downsloping line you get an essentially horizontal line. That is why prices appear to be only slightly increasing. When (there is no if about it) monetary velocity returns to normal prices will go up strikingly as much currency has been added into the system by virtually all the various governments worldwide.

When the monetary velocity returns to normal and the populace at large begins to see and feel real and serious inflation they will take countermeasures. They will begin buying in advance (increasing the monetary velocity) which will cause a further rise in prices. Then they will begin spending whatever they have as fast as they accumulate it on things which will hold their value. Some of that currency will find its way into the precious metals and the mania will start in earnest.

Inflation is often hidden in its early stages by the lowered velocity of money. But the switch to a more rapid inflation through increased monetary velocity quickly becomes a self fulfilling prophecy which becomes a "feeding frenzy" or "viral" eruption.

When will it start? I don't know any better than the next guy, but I do know what to look for. I know when it starts, it proceeds with such an increase in speed that everyone who experiences it is left stunned wondering where it came from.

Hyperinflation, in the past, has always been experienced in one land at a time. Smart individuals were able to find other "currencies" or mediums in which to hide their wealth. Now the WHOLE WORLD (practically) will experience a synchronous hyperinflation and their is not nearly enough precious metals or other valuables for so many individuals with so much currency to hide themselves in.

I fear the whole world is about to go Mad Max and I doubt there are any human solutions which will guarantee anyone any degree of assured safety. Anyone without precious metals will pretty much lose everything they own. Anyone holding precious metals will have to reveal that they have them in order to purchase anything and that will likely seal their death warrant.

All best wishes folks. Just be happy if you survive what human governments are soon to bring upon us.

P.