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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2284445, member: 71723&quot;]Three problems:</p><p>1) Virtually no one who plays with coins, gold, or silver understands banking and/or modern economic theory. Austrian School economics is pure hooey, and only metals guys buy their garbage paradigm.</p><p>2) Everything that happened to the PM markets after the initial 2008-09 pullback in metals is based on an incorrect assumption - that QE had to cause inflation. Metals people still believe. They&#039;re still wrong, if not clinically insane.</p><p>3) The Fed is completely benign. They don&#039;t create money. Every commercial bank does, every time they make a loan to anyone - mortgage, commercial or personal. The only way to risk inflation is easy credit on a massive scale. Like liar loans returning.[/QUOTE]</p><p><br /></p>

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