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