One reads the papers and all are claiming Inflation is non existent. Well, maybe for the short run it might be. Looking back at the Great Depression of 1929 there are many similarities and inflation could rise it’s ugly head.

In less than twenty-four hours the price of Gold climbed $65 and the price of Silver $1.20. Considering the announcement by the Fed, one has to wonder why the moves were not bigger. The Fed stated it is going to “increase the size” of its balance sheet, that means it is going to put the printing presses on full octane, maximum performance.