."The bottom line is the Federal Reserve has nearly quintupled the monetary base in just 7 years since 2008?s stock panic. This extreme money printing can?t be unwound without collapsing the bond and stock markets and causing interest rates to skyrocket, something the Fed will never risk. So it has no choice but to let the money supply remain near its vastly-inflated levels today, a harbinger of serious price inflation.................., Such vast amounts of new money really lower the purchasing power of existing money. With relatively more money chasing relatively fewer goods and services, higher general price levels are guaranteed. Gold has always been the best asset to own after excessive central-bank money printing. And when the world?s traders realize inflation is the real threat, not deflation, they will start flocking back to the yellow metal." http://www.24hgold.com/english/news-gold-silver-fed-s-serious-inflation-risks.aspx?article=7556751990H11690&redirect=false&contributor=Adam+Hamilton&mk=1