Hyper Inflationary Response At Some Point

I just think that you will have this hyper-inflationary response at some point. Not right away, because it’s behavioral. The Fed needs to change behavior first. But when they change it, they may find it spins out of control, as it did in the ’70s.

At that point the price of gold will soar or, if we go into a depression (I mean, we’re in a depression, but if we go into a more severe deflationary mode), the Fed may raise the price of gold as a way to create inflation. Either way, gold goes up in the end.

- Jim Rickards via Future Money Trends:

http://futuremoneytrends.com/blog/?p=10062