No Hyperinflation
There are pro-gold investors who have bought gold because they fear hyperinflation. This is a mistake.
There is not going to be hyperinflation: price increases above 25% per annum.
There may be mass inflation: low double-digit rates.
There are good reasons for owning gold. Avoiding the effects of hyperinflation is not one of them.
The digital revolution is now working against price inflation. The key economic resource is human creativity. The second is liberty. The third is accurate information. The digital revolution favors all three.
I have written about this here: //www.garynorth.com/public/13859.cfm
World debt is the #1 economic threat today, not hyperinflation.
The Keynesians' day of reckoning is fast approaching. We will read all about it on the Internet. Even the New York Times will hear about it. Late.