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<p>[QUOTE=&quot;Yankee, post: 609072, member: 18618&quot;]As inflation really takes root in a way everyone can easily see, inflationary expectations will soar and investors will seek assets that thrive in inflationary times. Of course this means commodities, primarily gold and silver. </p><p>Unfortunately most mainstream investors are still sitting on the sidelines in cash, too wounded from the panic to even think about stocks again. But this ostrich approach will prove disastrous. The kinds of inflation this M0 ramp portends will steamroll cash, rapidly eroding its purchasing power. As mainstreamers realize this, the capital that will flood into commodities and their producers’ stocks should be breathtaking. </p><p>The bottom line is the panic money-supply growth in the US has been very excessive, running at multiples of economic growth. And in the case of narrow M0 money, the doubling in four months is literally unprecedented. It scares me. With so much new money in the system, and the Fed totally unwilling to undo this terrible inflation over the six months since, rapidly rising prices are inevitable.</p><p>We’re on the verge of the first inflation scare of the modern era, a time when epic panic buying into hard assets and their producers is increasingly likely. Investors who ignore these dire tidings will probably get crushed by the inflation. But investors who prudently study the dangers and deploy their capital to thrive in them will make fortunes. Mark my words, the money-supply data shows big inflation is coming.[/QUOTE]</p><p><br /></p>

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