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| 2 distinct views of inflation I guess. 1) too many dollars chasing too few goods & services. or 2) Government outbidding the private sector for goods & services, driving prices.
While I see nothing wrong with holding PM's as part of a portfolio, or for rainy days or doomsday, I think the Austrians & gold bugs have a distorted view at present and are all talking their book too well.
I don't see general inflation anytime soon. It certainly could happen; but, appears, at least for now, that the economy will have to get back to at least some sort of anemic growth levels. Then, the only way it happens is with unconstrained gov't spending after that point. | |
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Is inflaton coming?
